quarterly cash flow update, page-3

chuckey

without double checking, but in the last annual report, there is something about a royalty (it could have been about 1.6%), payable to some group - and is payable on the first 40,000 oz of production from warrior. watso just checked brownbags other posts, and he seems to get some income from a gold trust (which is supposed to get income from cto) - maybe that was the group, who were mentioned in the annual report

it is really absurd that cto can proudly claim that they are a low cost producer, and profitable - but then there is no money to pay the accounts