thoughts of w. grigor

the Integra website has a document prepared by
W. Grigor at BGR Equities on a number of Australian listed
gold stocks. he isn't brimful of confidence about CGT's prospects, with concerns that include high commissioning risk, the miserable record of "underground gold mines in recent times, particularly ...brownfield developments", the market's preference for "large scale, low cost" operations, and the fact that CGT is going to have to raise funds "to commence full scale production".

i'm not downramping. i have a significant stake in CGT, and i sincerely hope that management can emulate the success of, say, SLR. W. Grigor is fallible, but he's cautious and respected, and it does no harm to be aware of his opinion on our company. here's hoping for a smooth transition to production.