CTO 0.00% 0.5¢ citigold corporation limited

Ann: CEO Presentation - Investor Roadshow , page-15

  1. 2,739 Posts.
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    Cash costs per oz - that's one thing...
    and okay cash costs are forecast to fall under $500/oz.

    What about the development costs/oz ??
    the tunneling costs through tons of barren rock to reach the 14g/T ore which ultimately dilutes the effective gold grade down to 0.3 g/T or 0.5g/T ?(or whatever it becomes).
    Development costs may never fall below $1,000/oz... who knows ?

    But mention the Development costs for once !!
    A tunnel is not an asset - it's an expensive hole in the ground and should be treated like a normal cash cost, not
    be ignored.

    Instead of a 20 page presentation - just 1 page with a pie chart will tell the story and what is really going on.
    i.e. a chart showing cash costs. development costs, admin, exploration drilling, royalty costs etc.. so we can see the whole expensive pie.

    If the long term gold price is $1,000/oz .. I can understand maybe the reluctance.




 
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