They've never done better than about 5,000 oz per quarter, so I'd estimate 20,000 oz/year unless (or until) something changes dramatically on the production side.
A gold mine in Australia is break-even at about 25,000 oz/year, so while they are getting close, they are not going to return a significant profit until they exceed about 30,000 oz/year.
From the GoldNerds web site, Australian production costs average around $750/oz, about 50% of revenue, so predicted profits would be 50% of the revenue from the ounces sold after the first 25,000. If they do 30,000 ozs, expected profit would be 50% of 5000 oz x A$1700/oz, say $4.3 million or 0.3 cents per share.
This is an opinion, not investment advice and DYOR.
- Forums
- ASX - By Stock
- CTO
- question.
CTO
citigold corporation limited
Add to My Watchlist
0.00%
!
0.3¢

question., page-3
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 17828075 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 3003468 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 17828075 | 0.003 |
6 | 7833668 | 0.002 |
3 | 8400999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 3003468 | 8 |
0.005 | 11906846 | 13 |
0.006 | 2732952 | 6 |
0.007 | 1714285 | 2 |
0.008 | 2000000 | 1 |
Last trade - 13.52pm 24/06/2025 (20 minute delay) ? |
Featured News
CTO (ASX) Chart |