Looking at the quarterly details it looks like a reasonable chance that gold production will increase a little/ somewhat from current miniscule levels. Based on this assessement the market may rerate market cap more in line with actual production levels.
As performance continues to constantly lag behind the effusive public relations we enter the final quarter of the financial year. Will be interesting to see if shareholders compare and contrast CTO with other producers such as SLR AVO DIO etc and vote with their checkbooks?
Even DRA manage to make a reasonable living in with their ice bound operations that far outpace the glacial steps outlined above.
CTO Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held
