From the information quoted below and obtained at http://www.citigold.com/vitalstatistics.asp does CTO's market capitalisation per gold ounce in the ground of A$8 make CTO the cheapest gold stock in the world based on market capitalisation per gold ounce in the ground?
Does anyone know of a company capitalised at less than A$8 per gold ounce in the ground?
Don't you think it is absolutely amazing that CTO's gold is valued at just A$8 per gold ounce in the ground when gold is about A$1,250?
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"Market Capitalisation per gold oz. in ground A$8
JORC Gold Resources 23,000,000 tonnes @ 14 g/t - 10,000,000 ounces (Inferred Mineral Resource)
JORC Gold Reserves 800,000 tonnes @ 13 g/t - 330,000 ounces (Probable Ore Reserves)
Gold Extraction Plant 340,000 tonnes of ore/year
Mineral Tenement Area Over 650 sq. Km.
Gold Production Commenced Yes
Target 2010 Production Rate 50,000 oz/year gold"
From http://www.citigold.com/vitalstatistics.asp
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