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9,747 Posts.
33
15/10/20
10:51
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Might be better buying up some of the empty buildings in Charters Towers.
CTO prospects to make a $billion annually for 20 years.
But with 2.6 billion shares on issue - market cap $39m.
I calculate they will earn only 39c annually
(check my math)
CTO has only $16k at bank, but spent about $70k in the last
quarter but didn't find any gold.
It can borrow about a mil.
Sandpaper and a duster would also be useful.
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