"The assumption that the Directors will be able to make forward...

"The assumption that the Directors will be able to make forward gold sales amounting to $1,200,000 in March to May 2016 has been made on the basis that the Entity is seeking to sell 60,000 ounces of gold resource at a price of AUD$20 per ounce in situ. The relevant gold resources have been identified and are situated within a granted mining lease. Any sale or sublease of all or part of the relevant mining lease or leases to a buyer will not interfere with the planned future production operations of the Entity. Under the terms of sale, the buyer will be responsible for any extraction and processing".
This statement and it's not even April 1. There is nowhere in the entire CT field where this is possible without mining a lot of waste first. It is generally hundreds of meters down. What are the other parameters? How long has the interested party got to mine it? It took CTO about 7 years to mine out the Warrior deposit for about 60,000 ounces at a loss! No one can point to a place on the ground and say "Mine here". This appears to be a last ditch effort to keep the company going. My thoughts only. DYOR.