costs total over $3,000/oz !!!, page-11

What I'm saying Siamese Parrot is there will probably be some cost savings .. but by the time that happens mining costs (wages) and energy costs will more than likely go up too.
So production costs are not really going to go down.
- and the amount of tunneling/oz of gold produced should remain roughly the same... that's not really going to come down either.

The 2 areas where costs could come down - are Exploration and Admin .
In fact let's be really generous ..
in terms of exploration - let's say these come down from $526 to $76/oz /.. a cost saving of $450/oz !

Admin - From $502 to $102/oz .. a cost saving of $400/oz.

Let's round it off to $1000/oz .. add another $150/oz savings.

We're still looking at costs over $2,000/oz... if it gets to 100,000 oz/yr.

Tunneling is the big cost that is never mentioned .. and i can't see it going down by much as Citigold has been producing as it's been developing and we know what the costs are on a per oz basis - and they should remain roughly the same... independent of the production rate - as you need x amount of tunneling/oz of gold produced and x should remain the same.