CTO citigold corporation limited

$10mill in 8 days, page-15

  1. 3,935 Posts.
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    GMT your the only one who I can see following up closely on CTO. dont mind to clear some of question below.

    I found this paragraph particular interesting. 50 000ounces per annum already in place and completed.
    Does that meant completed as up and running/producing?

    What the production cost? I know it is noted in the report we are improving this our plant to run more efficiency but not much detail on cost

    What is our total debt? from dec report we are about 3mil debt, on top of this 5mils from previous anns on dubai.
    Assuming our production cost is 50%, working at $600/t then i assuming it would be somewhere 30mil/yr.
    And we are trying to archieve this 300k/yr target, right?
    So we can knock down in 2015. is my calculation correct?
 
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