CTO 0.00% 0.4¢ citigold corporation limited

10m ounces: an investigation, page-8

  1. 2,739 Posts.
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    trkjd1

    HEG and CTO are worth comparing because they produced a similar amount of gold in the latest March quarterly.

    But if you compare HEG's production costs they are almost double CTO's...

    CTO payments for production $1.18 mill
    HEG'payments for production $2.057 mill

    A big difference.

    Also SLR has one good small mine (Daisy milano) with a 3 year mine life.
    Whatever profits it makes from daisy milano will be spent on developing other
    mines which may not be as profitable.



 
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