Ann: Full Year Statutory Accounts, page-11

CTO certainly have a good looking resource (on paper), their all up Au production cash costs of AUD$400 seems like pure fiction to me - to be clear: I don't believe them, not a bit of it... That notwithstanding, I'll be keen to see if our office sweepstake on future events for CTO holds true: a share consolidation, then raising of capital, a further plummet in the spot price of gold, a very low CTO share price, global events rock the faith in the $USD, a slow climb into Au & Ag, CTO price starts climbing...
What really peeves me, however, is the amount of valuable cash paid out to an ineffectual management (note my careful use of understatements here) who really should be paid on results (and I don't mean based on the PoG - I mean in cost cutting, consolidating the company strengths, and nailing down production).
I will be buying CTO shares in time, but not yet. I watch this company with interest.