James , I don,t know if you have read back through reports and...

James , I don,t know if you have read back through reports and presentations for the last 5 years or more but if you had you will realise after at least 4 years of production and a 100 mill spent they have produced approximately half of what they were producing a few years back for the current quarter. This is despite supposedly opening up many stope so they could get the required volume of ore out. These stopes are obviously not producing the amount of ore the jork predicted. In the last quarterly they stated they did 326 m of in ore development. I read previously that they use a 5 metre development drive.So just there in ore development produced aprox 22000 tonnes to put thru the mill . i come to development ore grading aprox 2.9 grams per tone . Presumably they had some stope ore to put through as well which should have been of a lot higher grade.Which would make the developement ore a lot lees that 2.9 grams. At any rate if the development ore is grading 2.9 for an underground Goldie you are not going to get rich unless gold goes to $4000 an oz. My take is if you believe that 10 million 0z at 13-14 grams does exist then you also believe in the tooth fairy , easter bunny and father christmas. Look I could well be wrong but CTO have had more chances and well and truly enough money and time spent to make the mine cash positive and viable.