CGT castlemaine goldfields limited

a lot of cash will be used up getting to the ore and development...

  1. nk
    3,204 Posts.
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    a lot of cash will be used up getting to the ore and development work, forget the cash, forget EV, this is Victorian gold. And its a big spender and the market doesnt like that one bit.

    now it trades on what the market thinks 30,000 ounces of Victorian gold is worth

    not much

    I think it will trade under 10c,maybe 6 to 8, its a lost cause and is unlikely to rally .

    better form elsewhere, I prefer Octagonal.
 
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