Small cap raising just happened - so we should be right for some time.
The cash flow when production ramps up should be sufficient to develop Warrior .. and there should be surplus cashflow to also help fund the development of Sunburst... to connect a drive across from Warrior and stope Sunburst etc..
next capital raising i have a feeling will only happen if they want to fast track Sunburst.
dont forget the production should be 160,000 oz/annum plus when Sunburst starts contributing. That would provide a $60 - $80 mill profit /annum at todays gold prices ..so if CTO chooses a loan instead of say $30 mill next year to fast track sunburst .. it'll be paid off in 6 months anyway.
A short term loan may be the way to go - as CTO has no debt and is in a very strong position compared to most other juniors.
CTO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
