There's less rhetoric from CTO this time round - we can see actions speaking louder than words.
We know - the extra power, stopes and the extra man hours and shifts are about to all kick in together.
CTO has no debt and has plant and equipment worth $200 mill - more than its current market cap. - that's been an achievement in itself.
Having no debt means it can afford to borrow to fast track to 300,000 oz if it so wishes, but I think it'll get there mainly using cash flow.
Having very low cash costs means CTO will produce a lot of positive cash flow.
CTO is very compelling right now.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.5M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 2578260 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7622493 | 17 |
View Market Depth
No. | Vol. | Price($) |
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3 | 2578260 | 0.004 |
15 | 10787354 | 0.003 |
9 | 10895025 | 0.002 |
8 | 12702988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 7622493 | 17 |
0.006 | 19946758 | 7 |
0.007 | 2263000 | 4 |
0.008 | 4593671 | 7 |
0.009 | 2370800 | 4 |
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