CTO citigold corporation limited

"citigold has more leverage than gold itself"

  1. 24,765 Posts.
    Citigold’s Managing Director, Mr Mark Lynch, commented that “a gold equity, such as Citigold, has more leverage than gold itself, because it is backed by its gold deposit asset, a low cost of production and a long mine life. If you buy an ounce of gold, that’s all you get. A gold mine equity can produce cash profits from extracting the gold from the ground where most of the value is added to the gold. A large gold deposit with a long life and low cost to mine has the potential to return substantial amounts of cash back to its shareholders during the life of the mine.”

    At http://paguntaka.org/2009/02/24/citigold-plans-provide-acces-to-gold-reef-mining-areas-significant-increase-in-gold-mining-production/
 
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
0.3¢
Change
0.000(0.00%)
Mkt cap ! $9M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $6.027K 1.81M

Buyers (Bids)

No. Vol. Price($)
26 17581526 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 2759580 5
View Market Depth
Last trade - 15.00pm 27/06/2025 (20 minute delay) ?
CTO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.