10c, page-5

@kirilich85, do the math mate,if you can pick up on the market for .105 why pay .12.

Whatever you decide IMO at the end of the day your picking up a stock that is undervalued based on earnings and future growth. So long as you believe that is, that they can continue to drive growth.
Cash costs are low by industry comparison and I think they have done enough drilling to be quite certain that the grades and gold is in situ.

There is alot of hysteria and misinformation RE stock, mainly because when investors grow impatient then they become irrational.

I think time will show that those that are dumping now sold at or as near to the low as possible. They rode it down and now they are going to miss the ride back up....but that's markets.
"One man's trash is another man's treasure"

Parrot, I think is correct in his calculations that CTO are at break even at 4th qtr production, so that means that at current cash flow they can operate the mine as well as continue development of Warrior.

The SPP as far as I ascertain is to fund the development of City Reefs. From what I have gathered the mill is currently running at around 2/3's capacity and management are keen to take advantage of the remaining capacity and believe that a SPP will fast track that.

BTW, I am a buyer here

Cheers