GMT you can see in Citigold's Quarterly Report that once the rehabilitation of the decline is completed there is about a kilometer of new decline development to get to the King Shaft, then onto what they call the CO3 ore. This could take a long time as a lot of staff were made redundant recently as announced in The Northern Miner. The Quarterly Report also mentioned an 8m ore intercept with photos, in what appears to be the CT9000 hole but only a 0.25m intercept is mentioned in the recently announced 2013 drilling results!(?) Funding is anybody's guess. The company did announce a delay in some funding and smaller tranche amounts from ELM.
My thoughts only, DYOR.
CTO Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
