CTO 0.00% 0.4¢ citigold corporation limited

power plant another red herring, page-20

  1. BH!
    2,521 Posts.
    Tricha,

    So, why aren't you running a gold mining company? You seem to know more about it than the CTO management team. What did you say your expertise was, again?

    1 - Would u spend your energy\cash drilling a deep hole.
    Yes, I would - especially if the gold is at the bottom of the hole, rather than at the top of it.
    2 - Spend a little bit more and make the power thing happen.
    If my mine already has power and I have the power authority (in a first world country, mind you) promising they'll upgrade it and I was paying them good money to do it...I'd expect them to do it!
    3 - I'm sure BMA gold just down the road could loan them a generator or two.
    BMA Gold went broke and sold everything they had, except the mining leases and a couple of drill rigs. You make it sound like getting a generator is as cheap and easy as picking up a six-pack on the way home from the local.
    A generator, a lot of remote mines run on them.It's not rocket science, it's very basic.
    Charters Towers is not remote. Generators cost money. If all the power authority has to do is upgrade to 3-phase power, you'd normally wait for them to do it, rather than outlay a packet on a generator for a few months' electricity. If they don't do it within the timeframe they've specified, that's not management's fault. It's not rocket science.

 
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