Major Deal soon?, page-4

Vitamin D you are one of the misled optimists who appear to have bought shares in this company. I have worked for CTO and know exactly how they operate and what is going on. Their resource figures are a joke. I discussed the resource figures that CT sighted off on with CT himself and he stated that the figures are the ultimate stretch that JORC will let them get away with. The company is totally over-valued IMO and the real SP value should be 0.2c. The Qld DNRM is keeping a very close eye on CTO and are well aware that CTO have essentially not done any work on their MDLs, MLS or EPMs for 4 years and could lose the lot. Basically they have not had any staff. Why Fotune let them off the hook with the mill we will probably never know. CTO sold most of their mining equipment. The reason no mining company has gone into JV with them is because the conditions ML put on such deals has been totally prohibitive in the past and secondly the resource is in narrow quartz veins within hard granite. An expensive mining proposition at best. Add to this unpredictable erratic grades and most companies would say - NO THANKS. My thoughts only. DYOR.