Assuming CTO get their $72 mill what will happen. IMHO they will...

Assuming CTO get their $72 mill what will happen. IMHO they will probably mine the Central Decline, their only minable resource. No gold will be produced till 2016. This will upset the major investors. Optimistically they may get a total of a million ounces out of it, that is all. I have researched all their predictions, resource calculations and past production. One can assume a profit of at least $AUD500 on each ounce, that is, a profit of $AUD500, 000, 000. Now comes the disclaimer. How long will this take to mine? CTO have never been able to mine more than 30,000 ounces per year, so on those figures, it would take them over 30 years to mine it. However, with a contract mining company doing the work it would probably only take 10 years. That's $AUD50 mill profit per year. Not bad. Again, these are very optimistic calculations and assumptions. DYOR. My thoughts only.