Re 23 May announcement
Tenements now granted securing an additional 13 mining leases, both adjacent to and overlaying CTO present holdings, means they have increased thier tenements by some 85 percent to 695 square kilometers. The company have been working on this for some time (years) converting all the seperate permits into one - no doubt a legal quagmire.
We could read into this announcement that CTO are being smart and greedy by securing all available permits in the area to boost thier JORC with planned exploration, again making the company more profitable.
I like the future mindedness of this recent event and believe it will bear fruit in coming years, a side issue of the present production goals that could have been overlooked by more complacent management, well done. It also answers a few questions as to recent management focus. With this acheivement under their belt, it should free up some management resources for further production development.
As Usual - DYOR
Cheers
Always surf'n the clouds - search'n for blue sky....
Re 23 May announcementTenements now granted securing an...
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