Yep cannot see how it keeps trading at 10-12 cents on their production.
I look at another spec goldy of mine that has ok 2 billion shares on issue and trades below 2 cents but produced 8201oz Sep quarter and CTO only achieved 2531 ounces.
CTO cash costs were about $300 per ounce cheaper but still on productiona alone how can you justify the current SP.
Now they say we have this huge resource but it is not getting CTO anywhere is it!!
The other company is increasing its resource and will be producing 100k oz a year well before CTO!!
Potential is worth squat Imo if they cannot get the gold out of the ground........New management needed here!!!
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