I'm hoping CTO can get the multiple stopes opened and realise its full potential - but it is running out of cash and needs the massive Western Decline developed first.
..it's a catch 22.
So let's look at the bleakest blackest scenario again and pose the question which the nay sayers are avoiding -
How much would a mid tier or major be prepared to pay for this JORC 10 mill oz project, which promises the lowest of low cash costs, is ideally located with all the infrastructure in place including power, in an Australian town with $227 mill worth of property plant and equipment.
This project has the potential of generating $150 mill plus NPAT for 30 years plus at the current gold price.
or about $5 bill worth of profit.
So how much would it sell for in an open process?
CTO Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
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