CTO 0.00% 0.4¢ citigold corporation limited

floor, page-29

  1. 614 Posts.
    Pooh ... not sure if I fully understand your point. However:

    1. The 10m oz cert was all that could be managed in a sensible time frame I believe. The whole pointof the JORC certification was to get something to market.

    2. They are still going for it ... they are filling in the gaps I believe.

    3. There was a report done some time ago by James Cook Uni (I think) that suggested that gold would realistically be found to a depth of 3000m.

    4. They are mining Warrior and have found a more economical wayof getting into Sunburst, I believe.

    5. Don't 4get about the Sons of Freedom Vein in Warrior ... not officially counted in the 40,000 oz I believe and could turn out ti provide a nice litttle surprise.

    But your comments are symptomatic of the marketplace I think ... people just don't want to believe the story. My feeling is that it will be another 6 months before the proff is there (or not). Q2 production figures, JV, Dubai etc etc.

    If you don't believe the story then that's fine ... but opportunity favours the brave.
 
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