find8, I think thats exactly where CTO are headed - mid tier miners. Once they start producing over 10,000 ounces per quarter that should equate to a cash flow of ~$5M per quarter reinvested in development ($1200 per ounce sold = $700 per ounce production and admin + $500 spare for development). In total this is significantly more than they are currently spending on development and so developemnt, hence production should grow at an ever increasing rate.
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