I wonder if anyone can tell us of a stock exchange listed gold stock in the world that has 10 million ounces or more of gold and is performing worse than CTO?
10 million ounces of gold is worth A$14.43 billion.
CTO now has a market capitalisation of A$80 million.
In other words, the in ground value of CTO's 10 million ounces of gold is more than 180 times the market capitalisation of CTO.
The market is valuing CTO's 10 million ounces of gold at just A$8 an ounce when gold is currently worth $A1443 an ounce.
The market is telling us that CTO's 10 million ounces of gold is virtually worthless.
That is a FACT.
what the market is telling us ....
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.5M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $3.159K | 657.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 13410520 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5616283 | 11 |
View Market Depth
| Last trade - 11.35am 08/07/2024 (20 minute delay) ? |
| CTO (ASX) Chart |