Spoke to Cris Towsey senior managing Geologist yesterday. In a nutshell everything running o.k, aiming to produce 4000 ounces a month, possibly more, provided everything running smoothly, hope to meet stated target of 100,000 by end of year. Ramp up Slowed down by mill motor repair over 10 days, Aim to be be self funding soon, so may not need for cap raising for some time. Average grade in stockpile is between 3-5 g/t, and they are starting to hit the high grade. Shareholders should make an effort and call management, I found chris to be very open. Very comfortable with proceedings, CTO is in the right place at the right time, with rsing Gold price, expect it to fly if the FED reduce rates by up to a rumoured 100 basis points.
CTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
