So what is the production target for 2010. The first paragrahp below doesn,t state that 5000 ounces a quarter will be beaten , even leaves a bit of doubt as to weather it will be maintained.
From 16/12/2009 The 5,000 ounce quarterly production would represent an
annualized rate of 20,000 ounces per annum if the rate is
maintained.
27/10 2009 Citigold has the gold and based on experience to date there are limited technical
impediments to becoming a large gold producer at Charters Towers. The desire for prudent
management of shareholder funds is coupled with the aim to scale up current gold production operations to 85,000 ounces in 2010 and further.
From the 16/12 2009 anouncement also
the gold production target for calendar 2010 year has been revised to
50,000 ounces.
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