CTO citigold corporation limited
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You are forgetting one critical point boles. Assuming the deal...

  1. SurfsUpDoods
    3,286 Posts.
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    20/08/15
    12:26
    Post #: 15842109
    You are forgetting one critical point boles.
    Assuming the deal goes through, CTO will have sold a 60% stake in the mine and its profits.
    Existing shareholders are left with 40%.
    Assuming they can extract the 1ook ouces per year.
    Your $50M profit per year (highly doubtful imo) is now $20M with 1.7B shares outstanding.

    What is CTO's "all in" cost per ounce.
    Will will their ongoing development costs be? Got to get to the thin veins.
    CTO Price at posting: 3.9¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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