CTO doesn't have to dilute to raise capital for its next mine. With production increasing at Warrior, the 40,000 oz/year target looks achievable, and even at A$470/oz production costs should nett A$500 oz free cash flow, or $20 million a year. This would self-fund Sunburst over one to two years. Interesting that the Directors considered a dividend in the Half Year report even though they elected not to pay one at this time.
CTO doesn't have to dilute to raise capital for its next mine....
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Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1239000 | 0.4¢ |
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| Price($) | Vol. | No. |
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| 0.5¢ | 13977544 | 24 |
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| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
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