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20.0% 0.4¢ citigold corporation limited

$15,000,000.000 still in mine, page-21

  1. maya.m
    3,435 Posts.
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    08/03/15
    14:07
    Post #: 14878901
    It probably would be some win for shareholders, IF the 72 mill deal really goes through.

    BUT just to mention a few doubts.

    Do they really have 11 m ounces of gold ??? Very doubtful.
    Will they ever mine 300 000 ounce a year? Extremely doubtful.
    Cost of production at $600/ounce is plain laughable.
    CTO Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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