CTO's presentations keep going on about their cash costs being low without any mention of the huge development costs... and other substantial costs.
In fact total costs work out to be $3,022/oz over the 12 months, so in order to break even and assuming all costs were to remain the same the gold price will need to climb to over $3,022/oz.
the break down is as follows -
There were 8,451 oz produced over the last 12 months.
the following costs were incurred over the 12 months -
Exploration $4.447 mill or $ 526/oz (based on 8451 oz)
Development $10.393 mill or $1230/oz
Prod'n $5.600 mill or $ 663/oz
Admin $4.239 mill or $ 502/oz
Interest $0.859 mill or $ 101/oz
Total $3022/oz
When CTO talks about a theoretical break even being hopefully reached some time in the future however - it curiously considers the development costs as an asset - i.e. the tunnel as an asset not an expense !!
The tunnel as we all know is just a hole in the ground (and an expensive one at that) - it's not a valuable building... so CTO is hallucinating.
So if gold were to reach $3,022/oz tomorrow(with all costs remaining equal) ..then CTO would start to break even.
- Forums
- ASX - By Stock
- CTO
- costs total over $3,000/oz !!!
costs total over $3,000/oz !!!
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTO (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $24 | 6.088K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11031 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7000936 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11031 | 0.004 |
28 | 18025269 | 0.003 |
11 | 17478693 | 0.002 |
10 | 15702988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7000936 | 15 |
0.006 | 4642437 | 6 |
0.007 | 2263000 | 4 |
0.008 | 6372992 | 7 |
0.009 | 2012000 | 3 |
Last trade - 11.06am 11/10/2024 (20 minute delay) ? |
Featured News
CTO (ASX) Chart |