I think the article is from this 2003 CTO presentation where 280 jobs were mentioned. I am sure you will graciously accept my sneering mocking sarcasm. (Year 5 -2008/9 came, went, and shareholders LOST $72m, and we still DREAM about year 3 surplus $1.3M).
Company Goals ? Sustained, repeatable gold production ? Warrior, Sunburst, Brilliant, Goldtec ? Sustained cash flow ? surplus of A$1.4m in Year 3, $31m in Year 4, $72m in Year 5 ? Returns to shareholders ? capital gain, dividends, company growth by exploration and acquisition ? Spin-offs ? 40 jobs with Warrior, 280 jobs over 5 years, additional 400 jobs in region, boost to Charters Towers local economy, training, new businesses and contractors.
CTO Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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