The area that is earmarked for the December 09 quarter production is being developed right now.
it's a high grade area and the ore body there is apparently larger than usual.
It will take about 16 weeks(4 months)to develop - I think there will be 5 stopes operating from there, once it's opened... around October (if it all goes to plan).
So all going to plan 5 high grade stopes should contribute over October - December.
.. some serious development is happening right now.
December quarter is looking really promising - fingers crossed and should finally shift CTO into profit.
Hopefully the SPP will provide enough cash until then.
CTO Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
