CTO 0.00% 0.4¢ citigold corporation limited

money magazine article out, page-23

  1. 2,739 Posts.
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    thanks rowingboat

    It's all about projected time lines and confidence levels.

    Maybe Chris (the geologist I spoke to) was talking at a 90% P1 confidence level, whereas Gary Foorde was talking at a 10% P3 confidence level ?

    sounds like Chris and Garry Foorde should meet up for a chinwag, they might be at opposite ends of the mine.

    I think Chris was giving me the more conservative time line, as I did preface my question with what is absolutely achievable, given the overpromising in the past.

    Maybe the likely timeline is somewhere in between at the P2 level ?

    anyway I prefer the conservative approach from now on, so I am prepared for the ramp up to take a little longer, as long as we get there.
    So I'd be happy if we reach the 8 stope, 80,000 oz/annum warrior rate at the end of 2009, say 6 months later than Gary Foorde expects.










 
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