selling welcome, page-45

I think the ore sorter will be installed underground at Warrior in a couple of years time - will probably need a chamber large enough to be built to house it first.

there's probably no rush as without this sorter cash costs are still running at under AUD$500/oz anyway even at this early development stage.

Remember ..
At this early stage we might have a ratio of say 1 stope operating for every one that is being developed - and so plenty of ore dilution - yet costs are still lower than most emerging juniors that are giving their gold resources away - what could be worse ?

At a later stage when we have 5 operating stopes to every one being developed .. the dilution will be knocked right down... cash costs should head towards AUD$350/oz

I just hope CTO can finally get to this stage - it needs cash and the SPP to be a success.

i think it would be wise if CTO started discussions with mid tiers/majors just in case.