What was the plan - ship the dore bars there? Who then processes it and pays CTO. Surely it is cheaper to have it processed here in Australia than shipping dore to the Middle East. I would even have to check to see if a gold refinery even exists in Dubai. You can't sell dore to a person (or end user as lynch likes to call them), it has to be refined and the gold and usually silver extracted from the dore bar. I was reading about Citigold sending gold to India - same deal who is going to process it. Pie in the sky stuff, marketing ploys. Probably thought the Arabs might invest in CTO if he said he would ship gold there.
They need to spend time on the commercial matters that face CTO like debt funding, capital raising etc otherwise this gold mine will go nowhere.
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