Yes I'm embarrassed to admit that I held this stock and once believed in it and defended it, drawn in by the seemingly low cash costs which the company kept patting itself on the back over.
A mining engineer opened my eyes to the fact that the only profitable underground gold mines are the ones with wide veins - like the Challenger mine for instance... which benefited from 5 metre wide veins.
A 5 metre vein has 25 times less dilution than a 1 metre vein .. it stands to reason and I finally get it.
CTO Price at posting:
6.6¢ Sentiment: None Disclosure: Not Held
