CGT 0.00% 21.0¢ castlemaine goldfields limited

have you been duped?, page-16

  1. 6,111 Posts.
    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,
 
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