management, page-11

A confident tone in the quarterly report. No need to dig up lots of gold and sell it. The company states that it has already "proven that the Charters Towers reefs can be efficiently mined." Better to focus on preparations for the wonderful future. Just 547 ounces mined this quarter, but if you buy the dream, you would be thinking of the 336,000 oz pa to be had (in theory).
A program of "reduction and efficiency" in place. That would translate as sacking workers because money is running out. Shares in other companies sold, and CTO shares issued to predators means money needed, not gold sales coming in. I hope the directors and managers will take their pay in shares, not dollars.
It has been a long wait for CTO to realize it's grand projections. I hope we have some young shareholders on board, who might live long enough to see the company come good.