Extract From December 2001 Quarterly.
"CTGM plans to continue its leadership role in innovative financing and to extend this leadership
through development of an innovative mining system for the underground development of ChartersTowers gold.
Preliminary engineering estimates indicate that the technologies to be used will reduce budgeted
operating costs from previous estimates of A$308 down to A$200 per oz. Our technical team has developed an innovative mining system that will use established technologies to achieve the world's
first fully mechanized hard rock flat dipping reef mining operation. This Goldtec Mining System is
the breakthrough CTGM has been seeking for several years."
The innovative financing method they discovered 10 years ago is still in play today, use big numbers and names like GIANT and continue to mine the pockets of any unsuspecting newbie. The method has certainly served them well, and anyone looking to invest would be well served in researching past announcements.
DYOR
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