What is CTO raising the money for ? .. a higher production rate ?
The more they produce the more they will lose !
We know the total costs are $3,022/oz ..
Let's make the gold price $1722/oz to help with calculations.
So
If CTO produces at 10,000 oz it'll be losing $13 mill/annum
If CTO produces at 100,000 oz/annum it'll be losing $130mill/annum.
The narrow veins means this is an unviable project - plain and simple !
costs total over $3,000/oz !!!, page-5
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1239000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 13977544 | 24 |
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| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
| CTO (ASX) Chart |
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