the cto count down is on ..., page-11

Lockitt,

I have to agree with you. Thats why I cant contemplate them missing such a paltry target as 5000oz.

bbeen,

if they get around the 5000oz they will be fairly close to being cashflow neutral for the quarter due to current POG, remember the silver they extract subsidises their refining and shipping costs, so the $ per ounce they get paid is close to spot.

I still think they will get there (into better production), but it has been a very painful experience. I prefer my NAV at the moment, they look like they may be about to go somewhere soon.