bullish quarterly , page-20

Contrary to the curious market sentiment re: CTO (and gold juniors in general) ..

The gold will not disappear - CTO will only grow its resource over time.

And the production will increase dramatically when all the 4 operational improvements it has in store are implemented - it only stands to reason.

It was never mentioned that 100,000 oz would be produced this year - only that a production rate of 100,000 oz/annum will be reached by the end of 2008 - big difference.

the targeted production is for 50,000 oz over 2008.

what o reason is selling out .

CTO is a long term winner - it'll get there - maybe 6 months later.

And I expect the share price to be $1 within the next year or so... who cares what it does short term - this is not a short term hold.