CTO 0.00% 0.5¢ citigold corporation limited

could be back to 15c soon, page-13

  1. 2,739 Posts.
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    I'm already satisfied from the modelling that keeps getting validated and in the predictability of this system that the 10 mill oz is all there.

    CTO is putting their money where there mouth is and doing all the necessary close knit drilling that will prove the resource and move it to reserve to all the doubting Thomases .

    the reserves will get to 10 mill oz in time .. maybe more - this is a massive system that keeps repeating and is open at depth and along strike.

    I only hope these doubting Thomases are happy that an extra million dollars or so is spent each year in so doing - a waste in my eyes as the proof is already there - the model that is continually being validated and proving the assumptions are correct.

    FMG, BHP have inferred iron ore resources and no predictability - it might all be there but who knows?
 
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