they say they have 10 million ounces but I reckon they have about one million ounces
a factor of ten
they say 14 g/t and my calculations more like 2.5 g/t
a factor of about 6
they say their processing plant is worth $300 million and my estimate is more like $30 million
a factor of ten
they say the cost per ounce is about $500 but a very astute observer on this thread has led me to believe that over the years the cost per ounce has probably been about $5000 per ounce
a factor of ten
hence: CTO's target of 300,000 ounces should be divided by 10
[just me having fun with numbers]
being serious I reckon they could get to 30,000 ounces per year in about 2 years, that's if they can continue to get some financial support over the next two years ... have my doubts
CTO Price at posting:
9.8¢ Sentiment: Hold Disclosure: Not Held
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