CTO 20.0% 0.4¢ citigold corporation limited

Ann: Additional Reefs Planned in 2009 , page-30

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  1. 2,739 Posts.
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    goldduck

    Yes, the more stopes the merrier, and in the March or even June quarterly we would only be operating with 2 stopes ... the third one will probably be finished around June and contribute for the September quarter.

    So we should be looking towards the end of the year for a marked ramp up... from 4 or 5 stopes.

    It's been approx. 2 months since the quarterly and we didn't have much more than $300k left in the kitty from memory... could be a good sign that we may be getting sufficient cash flow or that we are not far off being cash neutral?







 
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