CTO 20.0% 0.4¢ citigold corporation limited

it's time .. it's time, page-25

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    whereu

    The only information that I "provided" was that the mill was currently processing 900T/day which is close to its maximum capacity of 1,000 T/day.

    but as Lockitt rightly said this doesn't say much - as it could be mainly rocks and not much gold going through.

    .. so I've tried to be conservative and worked on the lower head grade end (7g/T rather than using the 13g/T end) to deduce what this processing rate might amount to if sustained over the month of December, assuming that there will be 30 working days in December , assuming that the 900T/day rate is maintained .

    So assuming 30 processing days, a 900T/day rate and a conservative 7g/T head grade we should end up with over 6,000 oz being produced over the month of December.

    But clearly if there were only 20 days of processing in December this would only yield 4,000 oz over the month (at 7g/T).

    and at the other end of the scale if everything works out and using the higher head grades(13g/T), 30 days of processing at the current rate could amount to around 12,000 oz over the month of December.

    wouldn't that be something ?

    so what i've "provided" is a guesstimate based on assumptions.

    butI think we can probably safely assume that we will better last quarter's production by a fair margin... and that shouldn't be too hard !
 
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