progress of deep hole, page-38

rowingboat

i agree re: MCO looks like another winner - also developing without going into debt.

the MCO top management seems to be more on the ball as far as prioritising cash flow and delivering on promises compared to CTO, whose main priority was seemingly until now to remain debt free.

But by so doing, I think CTO is now prioritising cash flow and will be ramping up significantly within a month or so... it's all coming together very nicely.

I agree with you being debt free means CTO can afford to go into a little debt if it so wishes to fastrack Sunburst and get that mine contributing and producing a year earlier.

Producing at 160,000 oz/annum with Sunburst contributing . the market cap will be nudging $1 bill and producing $80 mill plus profits - I'd rather we get a year earlier by running a small debt of $30 mill if need be.