directors mentioning dividend in announcement, page-51

I'm just going to wait and assess CTO again at the end of this year.

By the way I'm fairly certain there's enough plant and equipment - including jumbos and CIL capacity to get us to 100,000 oz/annum.

But if at some stage it's decided CTO still needs another jumbo - they'll just buy one - I know CTO had 3 twin boom and 2 single boom jumbos at one stage.

Beyond the 100,000 oz/annum stage CTO will need to add more plant... and increase the CIL capacity.
that would be a nice problem to have to deal with.

the 50,000 oz/annum is not an unachievable rate.
this quarter ..
i'm sure there's already been short 1 week or 2 week bursts where the production rate might have been around 50,000 oz/annum rate even with the limited amount of stopes - as CTO hit nice sweet pockets of high grade ore.
but CTO probably also had a month or so at the 10,000 oz/annum rate too... between the high grade stuff.

so it's all about sustainability.

And sustainability will happen once CTO reaches around 10 stopes... when we will finally be able to sustain a rate up to 100,000 oz/annum rate.