I couldn't believe in the last part of the latest presentation that CTO was doing a head to head comparison of its underground deposit vs Boddington and Tropicana - 2 large scale open pit deposits.
Cash costs look favourable .. but what about Development costs ?
The Ongoing Developemnt Costs/oz probably read like this ..(T'm guessing).
Development Costs (Tunneling). Boddington ... $0/oz .. Open Cut Tropicana ..., $0/oz .. open Cut CTO ... $1,000/oz ..Underground
CTO Price at posting:
7.3¢ Sentiment: None Disclosure: Not Held
