As I mentioned earlier, it appears to me KIG the company external to KIG in the JV Company buy the gold from the CTO/KIG JV effectively in my view returning 60% of the gold purchase price back to KIG.
I see the $200mill valuation as an number for accounting purposes only, the true value is reflected in the current deal.
The 50,000 oz / annum ramping up to 300k / annum has been like a mantra we have heard for over a decade, the company would never put an expected commencement date or time frame on the start of this production. Perhaps this latest deal may really be the start of good things. Good luck to all holders.
DYOR My thoughts and ramblings only
As I mentioned earlier, it appears to me KIG the company...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $20.71K | 5.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 14414790 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 2859251 | 8 |
View Market Depth
| Last trade - 13.09pm 28/06/2024 (20 minute delay) ? |
| CTO (ASX) Chart |