Bricking, go back to my previous posts. There is nowhere near 11 million ounces under CT. For example Warrior Mine, mined out by CTO, was supposed to have an inferred resource of circa 400,000 ounces, yet mined out at circa 50,000 ounces!! About half the reported 11 million ounces is well south of CT and is sub-economic even at $AU2000 an ounce. When will people wake up to the fact that CTO won the gold Logie for being the worst managed existing mining company in Australia today. NO KNOWLEDGEABLE INVESTORS WOULD EVER WASTE THEIR HARD EARNED DOLLARS ON CTO. The current SP is driven by investors that have done no due diligence on the company's history or the accuracy of their resource figures. I presume most of these are out to make a quick buck and really don't care whether the project ever gets to the mining stage. As quickly as the stock goes up it will come down. Mining near old workings under CT will have enormous engineering problems which will add to costs. My thoughts only. DYOR.
Add to My Watchlist
What is My Watchlist?
