CTO citigold corporation limited

floor, page-37

  1. 601 Posts.
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    well stated paschal.
    The inferred resource viz "contained gold" of the Coral Sea, not so far from the the fair city of Charters Towers, is quite high.
    The probable and proven reserve viz "that which can be extracted for profit" is not very high. It is in fact non existent.
    It relies on technology untried or yet to be dicovered.
    Does this have a ring of someone we know and love?
    Optical sorting underground?
    Bifurcated flexible pipe conveyors?
    By the way, in reference to the word "payable" in their "JORC" compliant reserve which is some mythical fudge factor applied.
    The word "payable" only occurs once in the JORC Code and it is "including royalties payable" in reference to costing.
    I await with bated breath
 
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