CTO 11.1% 0.4¢ citigold corporation limited

selling welcome, page-52

  1. 2,739 Posts.
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    The area that is earmarked for the December 09 quarter production is being developed right now.

    it's a high grade area and the ore body there is apparently larger than usual.

    It will take about 16 weeks(4 months)to develop - I think there will be 5 stopes operating from there, once it's opened... around October (if it all goes to plan).

    So all going to plan 5 high grade stopes should contribute over October - December.

    .. some serious development is happening right now.

    December quarter is looking really promising - fingers crossed and should finally shift CTO into profit.

    Hopefully the SPP will provide enough cash until then.








 
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