yes find8, agreed.The Company must be worth over $1 a Share...

yes find8, agreed.

The Company must be worth over $1 a Share PROVIDED the deposits can be succesfully mined.

I think this is the issue ... you can have all of the ground and infrastructure in the world ... BUT, if you can't PROVE that it can be profitably minded then you have something that nobody will want to buy at any price.

CTO must prove that it is 'do-able'. 1,000 oz's a month is of no interest to anyone.

I suspect the big guys are all over this Mine and are either:

1. Waiting it to run out of Cash so they can run in and buy it for nothing.

- OR -

2. Waiting for them to PROVE that these deposits can be successfully mined at low production costs. Then they may well pay "real money" to buy up the Company ($1 plus a Share).

Either way, CTO has to get production happening and in a hurry. The Dec 09 Quarter is critical I feel.