CGT castlemaine goldfields limited

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  1. 3,637 Posts.
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    Well its nice talking to myself and occasionally Rob NK and a few others . Looks like the website has been substantially upgraded . Is a very informative package. Quite incredible the lack of interest when gold is going nuts and you have historically rich fields , not one but 2 very rich fields and a few others with substantial prospects.Both ballarat and castlemain in today's contexts were only shallowly mined. Lihir were targeting 9 million ounces at Ballarat . CGT targeting 2 million ounces at Castlemain. Could understand the lack of interest if BDG were loosing money up the road but they are not and that's on a head grade of around 5 grams. Lots of other producers making money on head grade of 4-5 grams from underground deposits. Could also understand if it was going to cost 2-300 million to develop but its not.they could go in and develop and mine tomorrow with the cash they have in the bank. Just high number of shares on issue and a failed attempt buy lihir seem to have investors spooked.. That hasn,t stopped CTO from making gains on there 8c low a couple of months ago. I recon Cgt have a lot better chance of making a profitable mine , mines out of ballarat and castlemain than CTO under current management. Imo a market cap of 100 mill plus is warranted for CGT in its current state.Cant blame some of the 4c investors for getting out with a quick 10 % profit but if things go well a 100 % profit could be made in a short time. Me ill sit back wait be patient and hopefully reap a 1000 % profit in 2 years time.
 
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