CTO citigold corporation limited
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by my reckoning ....

  1. siameseparrot
    24,765 Posts.
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    08/06/10
    13:10
    Post #: 6782981
    10 million of ounces of gold is now worth over $15 billion.

    At 10.5 cents CTO's 908 million shares gives the company a market cap of $95 million.

    So how come CTO's gold, which is now worth over $15 billion is only valued by the market at A$95 million. That's $9.50 an ounce for gold that has a spot price around A$1530 an ounce.

    Why is it so? Why is 10 million ounces of gold being given such a low valuation by the market?
    CTO Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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