You are forgetting one critical point boles.
Assuming the deal goes through, CTO will have sold a 60% stake in the mine and its profits.
Existing shareholders are left with 40%.
Assuming they can extract the 1ook ouces per year.
Your $50M profit per year (highly doubtful imo) is now $20M with 1.7B shares outstanding.
What is CTO's "all in" cost per ounce.
Will will their ongoing development costs be? Got to get to the thin veins.
CTO Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
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