fact, page-9

Sidr,
Interesting comparison with Oxiana and Lihir. Even after the crash from January, CTO is still holding at a 100% gain over 5 years, or 20% per annum.
About the average return on stocks over time.
It would appear that CTO follows the Gold Index, irrespective of what it does as a company.

Noted Tricha's post - good careful study of previous Annual Reports - shame the same level of detail wasn't applied to your study of the Quarterlies - there have been three Quarterlies in 2008 FY, with gold sold of 11,371 oz, not the 3,000 odd you quote.

A little selective in your truth, hmmm?

At around A$1,000 per oz (A$1,026 in the March Qtr)that's a lazy $11 million they've generated in revenue for FY 2008 with another Qtr to come.
I'd say they have started to deliver.