defamation threat from mark lynch ahead of gm, page-4

funny how with all of those millions of oz of gold, and the low market cap, that a major miner does not bid for them!!!!!

the following from a report 10 years ago



question 7 - You state that you expect to produce 6.8 million ozs of gold over a 30-year period and to get to that level you will require to raise $151 million. How do you anticipate to do that and what level of capital will come from new equity raisings?

answer..

The majority is planned to come through joint venture(s) equity
raisings. In other words, direct ownership in the mine(s)rather that through shareholder equity. It seems like a big figure but is about half the cost of what is required, on a per ounce basis, for the Bendigo project.

The project will be put onto the world agenda for development
expressions and suggestions for funding the $151 million required over 4 years. The major mining groups we expect may have a look at the richest goldfield and 15 million ounces of gold potential may be big enough for the global miners. You can't manufacture goldfields and CTGM has one of the best.

Recently it has been suggested we need a 'big brother' to help
develop the mines. This is an interesting idea that I support.
Experience shows that a big brother can not only advance a project but also increase share prices, something I think shareholders would like.
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.lol lol lol - ctgm (ie cto)has one of the best gold fields - but no one is really interested - eg rsg, with operations in queensland, bought syama, and spent a few hundred million, for fewer oz