announcement, page-29

Believe me, I am just as peeed off with the current share price, but to compare it with BHP is a bit fanciful. I mean if we want we can compare it with Lihir or Kagara or Mincor or Minara or some other juniors such as Norton or Hill End (let's not bring up VRE or MON please) and some of them are down 75-80% from thier highs. CTO last traded at these prices May 06. I think BHP are at the same price as this time last year

I'm just hopeful that CTO won't need to raise any additional funds and that of course was pretty well dependant on the mains power throughout, which I think was yesterday. On mining 24/07 which is occurring now, increased work-force from the beginning of August. So fingers crossed, that baring any bloody disaster, they might get up to the equivilant of 50,000oz per annum by the end of the quarter. 12,500 oz is 35500gr in a quarter at 14g/t on average isn't,or I would think isn't, an insurmountable task to put through the mill.

From what I have gleaned, the mill has been operating well down on it's true capacity, so with the gold gods smiling upon CTO then the production will be up to scratch. Let's hope.