Vince unfortunately for the gold to be got out of the ground and sold you have to be able to mine it profitably. Unfortunately Cto,s ability to mine it profitably is abysmal. In todays mines you need bulk tonnes of decent width good grade continuos orebody s to make a profitable mine. Cto has alway had to do far to much development in low or zero grade orebody to get to the next narrow vein load of smallish tonnage. hence the inability to make a profit. Yes they tried and tried hard throwing tens of if not hundreds of millions at it trying to make it work. Never once did they make a true profit.
CTO Price at posting:
5.0¢ Sentiment: Sell Disclosure: Not Held
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