CTO citigold corporation limited

question., page-3

  1. 5 Posts.
    They've never done better than about 5,000 oz per quarter, so I'd estimate 20,000 oz/year unless (or until) something changes dramatically on the production side.

    A gold mine in Australia is break-even at about 25,000 oz/year, so while they are getting close, they are not going to return a significant profit until they exceed about 30,000 oz/year.
    From the GoldNerds web site, Australian production costs average around $750/oz, about 50% of revenue, so predicted profits would be 50% of the revenue from the ounces sold after the first 25,000. If they do 30,000 ozs, expected profit would be 50% of 5000 oz x A$1700/oz, say $4.3 million or 0.3 cents per share.
    This is an opinion, not investment advice and DYOR.
 
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