CTO citigold corporation limited

Ann: Quarterly Activities and Cashflow Report , page-4

  1. 3,287 Posts.
    lightbulb Created with Sketch. 88
    Gotta love this statement:

    "The focus initially will be the early production rate of circa 50,000 ounces of gold yearly."

    That's a whopping 12,500 oz per quarter. Best i can recall has been approx. 6,500 oz in a qtr.

    And for how many years will they produce 50,000?? I can see this being the target for many, many years.
    50,000 oz pa production is 23x current production.

    When do they project the magical 330,000 oz pa - 157x current production rates?



 
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