Simple fact is they more than likeley have not got anywhere close to 10 million ounces of profitably minable gold at current prices or lower. Would you invest in a narrow vein underground golie with 10 million ounces grading 4.4gramsper tonne.I wouldn,t at10 -14 head grade yes. So far they are not comming within a bulls roar of forcast grade and tonnes. If they only had a jork of 1-2 million tonnes grading 4.4 they never would have started. If they did they would now be gone. For them to do well they need to near double there current grade and tripple the tonnes thruput. Is this likeley in the future ,if last 5 years production history is anything to go by then the answer is a resounding no. For those forgiving enough to still wish to belive then good luck you will need it.
CTO Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Not Held
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