Ugly duckling with a highly profitable heart of gold

End of December Quarter CTL reported sale of $6,068,042 of gold to the Perth Mint. Was a non-cash item in the December quarter because the Mint had not yet made payment.

This gold sale should report in current quarter as a credit against March operating cost of $5,000,000 for free cash flow of $1,000,000.

Forecast production is at +4,000 ounces per quarter. Assuming a constant operating cost of $5,000,000 and applying to-days Perth Mint price for buying gold (A$1,698.30) those ounces are now worth + $6,793,200 for free cash flow of +$1,793,200 x 4 quarters = +$7,172,800 free cash flow per year.

Real market cap value is +$30M on these numbers.

CTL is very under valued and very under followed at 1.4 cents. Good luck to all longs