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0.00% 0.5¢ citigold corporation limited

financial review article 27 feb, page-9

  1. Goldduck
    230 Posts.
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    27/02/09
    16:12
    Post #: 4849192
    I am not so sure they are able to operate on a positive cashflow bearing in mind the development costs moving production forward i.e. development of more level drives and stopes. I am betting they will have to dip into the loan facility. 2 stopes' production may not be enough to cover all the expenses and continue moving forward with development. I am sure it has been reported here before they have to be at 50,000oz pa to reach break even.
    CTO Price at posting: 22.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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