"It's remarkable that even at low production rates CTO has (thus far) managed to keep cash costs substantially below most emerging miners producing at 100,000 oz/annum plus."
My comment:
Please. Oh please. What a generalisation. And a contradiction? If a gold miner is producing at 100,000 oz/annum plus how is it an "emerging miner?"
CTO is cash flow negative every quarter. Are most 100,000 oz/annum plus miners substantially cash flow negative quarter after quarter? I think not.
final reminder, page-7
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0.4¢ |
Change
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Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $4.433K | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 11127183 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 13493272 | 22 |
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| CTO (ASX) Chart |