From the information quoted below and obtained at...

From the information quoted below and obtained at http://www.citigold.com/vitalstatistics.asp does CTO's market capitalisation per gold ounce in the ground of A$8 make CTO the cheapest gold stock in the world based on market capitalisation per gold ounce in the ground?

Does anyone know of a company capitalised at less than A$8 per gold ounce in the ground?

Don't you think it is absolutely amazing that CTO's gold is valued at just A$8 per gold ounce in the ground when gold is about A$1,250?

=============================

"Market Capitalisation per gold oz. in ground A$8

JORC Gold Resources 23,000,000 tonnes @ 14 g/t - 10,000,000 ounces (Inferred Mineral Resource)

JORC Gold Reserves 800,000 tonnes @ 13 g/t - 330,000 ounces (Probable Ore Reserves)

Gold Extraction Plant 340,000 tonnes of ore/year

Mineral Tenement Area Over 650 sq. Km.

Gold Production Commenced Yes

Target 2010 Production Rate 50,000 oz/year gold"

From http://www.citigold.com/vitalstatistics.asp