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 !
The point is should this company be trading at all ?CTO's losing...
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