CTO citigold corporation limited

cto presentation

  1. 2,739 Posts.
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    I couldn't believe in the last part of the latest presentation that CTO was doing a head to head comparison of its underground deposit vs Boddington and Tropicana - 2 large scale open pit deposits.

    Cash costs look favourable .. but what about Development costs ?

    The Ongoing Developemnt Costs/oz probably read like this ..(T'm guessing).

    Development Costs (Tunneling).
    Boddington ... $0/oz .. Open Cut
    Tropicana ..., $0/oz .. open Cut
    CTO ... $1,000/oz ..Underground







 
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