CTO 11.1% 0.5¢ citigold corporation limited

directors mentioning dividend in announcement, page-8

  1. 2,739 Posts.
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    I'm expecting that the March quarterly will show a nice little ramp up.

    But I think ideally it would have been great if CTO could concentrate on completing the Decline and capital works program - concentrate all its resources on opening up all the mine and the 8 - 10 stopes before starting any production at Warrior.

    i.e. Just go wham from zero straight up to 100,000 oz/annum production in one hit... say 9 months from now.

    this is a tricky juggling act at the moment trying to open up the mine and ramp up production at the same time - it's not easy, it's in fact a major logistic feat and probably delay getting to the 100,000 oz/annum rate by I'm guessing 6-9 months ?


 
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