I have been following CTO for ages. Initially sceptical!
I wanted to have full confidence that the production ramp up would work. I also very much like the way CTO are going about bringing their production on stream.
After the last two quarters with no nasty surprises, good grades and with CTO being nicely cash flow positive in the September quarter I can see that everything appears to be moving along fine.
As production continues to profitably ramp up in coming months CTO should start to have a substantial market rerating imo until it reaches an Aussie gold stock elephant status market cap based on its massive and I expect increasing gold resources plus profitable production with the market at that stage beliving that a successful move to 250,000 ounces annually is on the cards.
Cheers, SP
CTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
