CTO citigold corporation limited
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10 million of ounces of gold is now worth over $15 billion. At...

  1. siameseparrot
    24,765 Posts.
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    08/06/10
    13:10
    Post #: 6782981
    10 million of ounces of gold is now worth over $15 billion.

    At 10.5 cents CTO's 908 million shares gives the company a market cap of $95 million.

    So how come CTO's gold, which is now worth over $15 billion is only valued by the market at A$95 million. That's $9.50 an ounce for gold that has a spot price around A$1530 an ounce.

    Why is it so? Why is 10 million ounces of gold being given such a low valuation by the market?
    CTO Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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0.4¢ 		Change
0.000(0.00%) 		Mkt cap ! $12M
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0.4¢ 0.4¢ 0.4¢ $1.18K 295K

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No. Vol. Price($)
21 21247419 0.3¢
 

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Price($) Vol. No.
0.4¢ 2495080 2
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Last trade - 09.59am 07/08/2025 (20 minute delay) ?
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