CTO 0.00% 0.4¢ citigold corporation limited

1 dollar target next 18 months analyst report, page-4

  1. BH!
    2,521 Posts.
    Yes, the ever-present "geologist" of unknown credentials, who's "familiar" in some undefined manner with the deposit.

    Then...we have this:-

    Respected independent consulting mining engineers group Tennent Isokangas Pty Ltd (now integrated into Coffey Mining) have endorsed Citigold's Gold Production Plan.

    The review is significant as the Tennent Isokangas group, and Dr Brian White in particular, is very informed about the Charters Towers Gold project having conducted prior independent studies and investigations.

    The report concludes that, “the Gold Production Plan is a fair representation of the potential to identify and develop a resource of the order of 15Moz Au to a depth of 2000m at Charters Towers. With strong project management it should be feasible to subsequently mine this resource economically at the rate of 250,000 oz Au per annum, within normal bounds of mining risk.”

 
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