$10mill in 8 days, page-16

Does that meant completed as up and running/producing?
No, they are not producing but hope to produce 50k ounces initially per year sometime in the future IF they get the funding.

What the production cost?
The true costs will not be known until they are actually producing, everything seems to be based on modeling and estimates IMHO.

What is our total debt?
We know they recently received A$6.4 mill which would be used for operating capital and to repay the remainder of the CGN secured note. The A$6.4 equates to approx. A$8.3mill repayable to Fortune ( In Gold) within 6 months. I do not know what other current and long term debt the company may have.

If the company produces the 50kozs / year it is initially hoping / targeting, CTO's 40% would give them $30mill based on a gold price of $1,500/oz, this is before any costs being taken out.
They have not provided a time frame within which the initial production will commence which seems to have been the case with the production plans they have provided in the past.

When reading or interpreting anything provided in the company statements you must consider the following cautionary note provided at the end of the reports.

"Cautionary Note: This release may contain forward--‐looking statements that are based upon management’ expectations and beliefs in regards
to future events. These statements are subjected to risk and uncertainties that might be out of the control of Citigold Corporation Limited and may cause actual results to differ from the release. Citigold Corporation Limited takes no responsibility to make changes to these statements to​

reflect change of events or circumstances after the release."

DYOR My thoughts and ramblings only