have you been duped?, page-16

I hold, only now a small holding in CGT, burnt too many times holding thinking it will bounce back and hold. perhaps look again once the price settles a bit, how low will it go, shareholders will be cautious after the performance of AAM and NAV, IMO with a more than likely Cap rasing the price will be driven down for a sophisticated investor to make a killing. The price will be under duress, no anticipated money comming in and money required for the many mouths to feed, thats the life of a now producer...

Plough as you make some refernce to MCO - MCO corporate, corporate performance perhaps could be repeated like CGT however apples and oranges to compare the operational performance.

MCO is about low tonnage - high grade and consideration about keeping it simple (controlling costs) which IMO is why it will give MCO a good chance to make it over others that have a big operation..... start up small and grow.

MCO - Plant has a small foot print between $3-8 mill to build compared to CGT $400mil plant (lower maintance costs etc)
MCO - The plant is expandable.
Gold about 85% recovery from gravity fed alone, no chemical treatment on site.
MCO the use of airlegs not Jumbos, ore will be selected underground.
MCO 3 reefs are currently underway for mining (RoD, Donnaldson & Maxwells)

Cheers,