CTO citigold corporation limited

i don't understand..

  1. 14,914 Posts.
    Some people here are saying this gold mine can never be economical.

    With grades of 14g/t average PLUS silver credits, what am I missing here?

    "The Probable Ore Reserves are outlined below:-
    ? 620,000 ounces (19,000 kilograms) of gold (2,500,000 tonnes at 7.7
    grams per tonne gold), and
    ? 410,000 ounces (13,000 kilograms) of silver (2,500,000 tonnes at 5.1
    grams per tonne silver).
    The Inferred Mineral Resources are outlined below:-
    ? 11 million ounces of gold (25 million tonnes at 14 grams per tonne gold)
    ? 7 million ounces of silver (25 million tonnes at 9 grams per tonne silver)"
 
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.
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $21M
Open High Low Value Volume
0.7¢ 0.8¢ 0.7¢ $19.42K 2.752M

Buyers (Bids)

No. Vol. Price($)
2 347508 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 5167752 9
View Market Depth
Last trade - 16.10pm 15/09/2025 (20 minute delay) ?
CTO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.