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20.0% 0.4¢ citigold corporation limited

10m ounces: an investigation, page-9

  1. trtkjd1
    3,631 Posts.
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    10/05/09
    10:59
    Post #: 5116074
    find8
    The point being made was heg and slr are increasing production not staying stagnant or reducing production. Also hegs quarterly they did 472 metres of development and i think they appear to group all there costs together so i think you would find there actual production costs of gold removed and processed are a lot lower than stated. At current production it appears heg are developing and producing gold at around break even.
    CTO Price at posting: 17.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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