CGT 0.00% 21.0¢ castlemaine goldfields limited

Ann: Ballarat - More Encouraging Results , page-18

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  1. 3,631 Posts.
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    Probably put the mochas on the share price but did any one see that CTO entered a binding agreement for 30 mill to farm out 50% of the regional tenements excluding warrior and the central mining area. IF they do get that then it shows just what a outstanding buy CGT has achieved. 4.5 mill for a proven goldfield with drill results to prove lots of very high grade gold left, all development, plant buildings machinery ect. For 30 mill CTO,s partner may get 50 % of what may amount to next to nothing.
 
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