The dream is we buy a dog on the stock market, and it becomes a star.
CTO may qualify. There are hints of stardom emerging. No debt any more, starting small production. A JV that increases production to 120koz might happen, which would almost bring CTO up to the 150koz level at which the big boys would take interest.
As the evidence piles up, it seems GATA was right. They reckon the central banks have been suppressing the price of gold, and that the suppression will be unsustainable past 2007. If the price of gold rockets, then the options value on that huge inferred resource at Charters Towers will be stupendous. 50Moz target? Kalgoorlie has only yielded 42Moz to date.
CTO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
