CTO citigold corporation limited

Ann: Half Yearly Report and Accounts , page-3

  1. 3,632 Posts.
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    Ah yes the Great warrior high grade orebody that went from projected 40 000 oz a year production , to 100 000 0z a year production that would fund expansion of the central and city areas. Has failed miserably. Think 15000 0z has been its best year yet , and ad now they might get 2000 0z for the full year at current rates. It really is inhumane that they keep this mangy old dog with fleas , scabies and various other ailments alive. Somebody should call the RSPCA . If warrior is supposedly so high grade so good and so profitable then why have they almost stopped mining and going to the Chinese for further funding. I don,t realy think you have to be Einstein to work it out . What really puzzles me though , is surely the Chinese are not that silly and gullible that they think it can be mined profitably at anywhere near current gold prices. Why pay good money for a mine that is more than likely to lose you lots of money. ??? The evidence is all there in black and white that its a long way from making true profit.
 
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