Thanks Sydneysider, interesting background. I only disagree with one point you raised
"No-one knows how much gold will flow from the current workings but IMHO too much money was invested in massive underground earthworks to allow large scale equipment to access mine faces. MIght have been more prudent to use smaller scale equipment."
The equipment they have purchased is perfectly designed for the underground workings and I do believe they had to spend the money on these items to ensure efficient and good production (allbeit long term with the way they are travelling at the moment) It will be money well spent if it is finally able to really gear up into some good production.
I agree with you on this point.
"I also suspect that mining areas in thin veins may be subject to substantial dilution. Time will tell.... "
A lot of narrow vein UG deposits suffer dilution problems. It is normal. Key is to get the tonnes out and increase throughput at the process plant whilst also relying on production drilling and a good mining method to minimise dilution problems.
- Forums
- ASX - By Stock
- CTO
- bye! bye! citigold
bye! bye! citigold, page-46
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add CTO (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 11082893 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5538656 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 11082893 | 0.004 |
12 | 9697354 | 0.003 |
8 | 16515025 | 0.002 |
8 | 10802988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5538656 | 10 |
0.006 | 1180000 | 3 |
0.007 | 1063000 | 2 |
0.008 | 4369194 | 7 |
0.009 | 1537558 | 4 |
Last trade - 16.12pm 11/07/2024 (20 minute delay) ? |
Featured News
CTO (ASX) Chart |
Day chart unavailable