Ann: Quarterly Activities and Cashflow Reports, page-8

Quarterly is interesting , lets compare to a much larger miner Doray metals Doray mined and processed for the quarter around 140k tonnes at a C1 cost of around $246 a tonne , CTL did 40K tonnes at a cost of around $144 a tonne
Doray made a small cash surplus because they get Cu credits and have a higher grade per tonne , these guys were about break even .
CTL seem a humble company , that are running a tight ship obviously keeping costs down to a minimum on a per tonne processed basis , but constrained until now by low grade ore and high haulage costs , that seems to be about to change with higher grade ore at Vic to come on line and possibly improved grade at Union hill due to less dilution using a single boom jumbo rather than a TBJ on the 1100/1120 levels
But how long will that last ?
If they can present a decent case to a lender then this should come out of suspension .
(I use to be a holder in Octagonal however CTL seem to be far more productive miners on an advancement per meter of drive rate plus they have the mill humming )