CTO citigold corporation limited
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Ann: Quarterly Activities & Cashflow Report-CTO.AX, page-20

  1. gmt
    8,241 Posts.
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    16/05/16
    11:04
    Post #: 17775739
    From the response to the recent ASX query apparently there is something in the pipeline!

    "Major development funding negotiations continue with interested parties and the recent strengthening of the USD gold price is assisting such negotiations. The Entity is working towards finalising the major development funding in the current period to take the production ready Charters Towers Project to a projected 230,000 ounces a year gold output, from the Central mining area, with plans for ultra-low all-in gold production costs."

    Not sure what the "Current Period" refers to as it is not quantified as such!

    DYOR My thoughts and ramblings only

    ​
    CTO Price at posting: 1.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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