Ann: Quarterly Activities Report and Appendix 5B-CTO.AX, page-9

CTO market cap $24M. 1,766M shares

They need more than that to start mining operations.
They have no money to speak of to do anything at the moment.
Why aren't the major share holds putting the money up to get mining started ?
Nobody new is going to put up that sort of money without getting at least 1/2 the company
That's a massive dilution of shares.
The only thing keeping anyone interested is gold in ground.

I'm now more interested in who's going to own the gold in ground
After they go bust.
Someone's going to pick this up for a song.
I want to know who ?