The latest A/V from the company in April calculates that the market is pricing CTO at 20 cents per ounce. Today the last day for holders to buy the SPP at .385 The 2 million or so raised will be used for access declines to other parts of the ore body at Warrior and to raise output to a minimum of 70,000 oz/yr. Money in the bank. Moreso you can probably expect a SP of .50 very soon on the back of information already issed but with a SP suppressed because of the anticipated fund raising.
CTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
