CTO 0.00% 0.4¢ citigold corporation limited

imaginary gold: resources and reserves, page-4

  1. 1,464 Posts.
    Rowingboat, Australia has  an extraordinary quantity of gold in the ground, does that affect the dollar?The issue that cuts the mustard when cash is king is the sale of the mineral- be it gold, iron ore, fertiliser or uranium. To sell it you have to mine it.The KNOWLEDGE that it is in the ground has a value to aknown producer, but it has little value in a market where finance is difficult and many miners are seeking the same POTENTIAL market.CTO will improve in value when it mines and sells- until then hypotheses and postulations will be irrelevant.
 
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