The point is should this company be trading at all ?
CTO's losing over $1,000/oz of gold produced and at the current gold price after producing for 10 years !.
Where is ASIC ?
CTO will probably not even break even at 300,000 oz/annum.
The ROM grades are what (coming out of the mine) ?? ,, 0.3g/T (I'm guessing) amongst all the hard rock ?
This ROM gold still needs to be extracted, the rocks still need to be crushed.
Other small underground miners with much wider veins and much less dilution like KRM - might have ROM grades of 10g/T plus.
So 30x less dilution and are very profitable at even 10,000 oz/annum.
CTO is an uneconomic mine !
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 17827747 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 2003468 | 7 |
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| Last trade - 09.55am 24/06/2025 (20 minute delay) ? |
| CTO (ASX) Chart |
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