find8, I think thats exactly where CTO are headed - mid tier miners. Once they start producing over 10,000 ounces per quarter that should equate to a cash flow of ~$5M per quarter reinvested in development ($1200 per ounce sold = $700 per ounce production and admin + $500 spare for development). In total this is significantly more than they are currently spending on development and so developemnt, hence production should grow at an ever increasing rate.
find8, I think thats exactly where CTO are headed - mid tier...
Add CTO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $4.687K | 1.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 20481239 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 9079601 | 7 |
View Market Depth
| Last trade - 11.47am 25/07/2024 (20 minute delay) ? |
| CTO (ASX) Chart |