Ann: Citigold raises $3.375 million , page-23

gmt .. the company has a duty of care to its shareholders.
I still think that CTO investors are better served writing to the ASX, vs spending their time on this forum just hoping - transparency is the key to this.

The other avenue is the threat of a class action ?

The JORC may not be the problem here - all the 10 Moz may in fact be there - but it may just be that the narrow veins (averaging only 1 metre or so) and the expensive underground mining (tunneling, building stopes) means the cost to extract each oz of gold is more than the price of gold itself.

A geological resource does not necessarily become an economic resource.. BCD can also vouch to that.

Underground miners with 5 metre wide veins .. there's 5 times less dilution... so starting off with ore grades of 10g/T may mean you end up with say 1 g/T effectively (with 5 metre wide veins - like DOM's Century mine and KRM's mine) instead of 0.2g/T (with much narrower 1 metre wide veins - like BCD's and CTO's).