Agree Mayasz. There are many worthwhile gold projects with excellent management teams in Australia but none of them are getting the investment they need to start these projects. Most of these projects are much more feasible than that of CTO. I have said it before and I'll say it again now. I do not believe the figure of 11 million ounces, more likely one million ounces. I do not believe CTO can mine it at circa $AU500 an ounce. More likely at $AU1000 an ounce. This would give a profit of say $AU500 million over possibly (?)30 years. If this is true no wonder there is no investment in the project. I have criticised the Joint Ore Reserves Committee on allowing such flimsy parameters to allow CTO to say their resource is JORC compliant. I have studied their resource calculations in detail and I have spoken to the resource author. My thoughts only. DYOR.
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Agree Mayasz. There are many worthwhile gold projects with...
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Mkt cap ! $9M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $3.742K | 1.230M |
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No. | Vol. | Price($) |
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24 | 17165748 | 0.3¢ |
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0.4¢ | 1613468 | 7 |
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23 | 17065748 | 0.003 |
5 | 5833666 | 0.002 |
3 | 8400999 | 0.001 |
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Price($) | Vol. | No. |
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0.004 | 1613468 | 7 |
0.005 | 11606846 | 12 |
0.006 | 2732952 | 6 |
0.007 | 1714285 | 2 |
0.008 | 2000000 | 1 |
Last trade - 15.26pm 20/06/2025 (20 minute delay) ? |
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