intec and the future , page-87

I like CTO - their 10 million ounce resource is disrespected by the market as it's mostly inferred, but 1 million ounces will be in the reserves category by the end of the year, and 2 million 12 months later. Meanwhile they are about to switch to 24/7 mining which will see a big jump in production. They're the largest resourced and the highest graded Australian-owned goldie, and at current gold prices, will be making 1½ times their market cap within 3 or 4 years

But the market seems unsure whether they'll get the $30 million loan they need to expand production. This credit-market turmoil is the big unknown, for both CTO and INL, and for a lot of other companies out there

It seems to me that gold might be the safest sector to be in over the medium and longer term