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
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I couldn't believe in the last part of the latest presentation...
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