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CTO 0.7¢

best gold spec starting to fire up...check the dep

  1. blueballs

    8,395 Posts.
    CTO moving higher again...funding must be getting close to being finalised

    Thought you might be interested in this analysis on Charters Towers Gold
    Mines (CTO).

    You might be particularly interested in Table 5, a comparison of all the
    gold miners on the ASX. CTO has the cheapest gold in Australia ($9/oz), the
    third largest Australian deposit in Australian ownership (15 Moz, at least
    6.8Moz mineable), and are about 9 months from starting production.

    The analysis shows that we could reasonably expect the CTO share price to go
    from the current 20c to around 70c - 80c soon after funding (currently being
    negotiated) and $2.50 within five years.

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