Just say that there is a very remote chance that GLD come up...

Just say that there is a very remote chance that GLD come up with a few million. They will want some gold for their money. There is no place anywhere on the CTO mining leases where any gold can be produced in the next 12 months. The C03 ore zone, with a possible 20,000 ounces, intersected in 3 widely spaced diamond holes, is a kilometre ahead of the current central decline. Optimistically this could be reached in 166 days if two decline cuts could be achieved in 24 hours. Then there are the development levels to put in. Optimistically another 3 months. However, those that know mining know that nothing works that smoothly, so realistically 12 months before any ore is trucked to the mill. There could be 5600 t of development ore from each of 3x 100 m long levels. This is generally diluted so possibly 9 g/t Au. Therefore there may be 16,800 t of ore at 9 g/t Au, or about 4900 ounces available as development levels progress. All this would have to be done with an experienced mining contractor that would be reluctant to take on this work knowing CTO’s payment history. And that folks is all she wrote. My thoughts only. DYOR.