CTO 20.0% 0.4¢ citigold corporation limited

2609 ounces, page-10

  1. 3,631 Posts.
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    Well that was a pretty ordinary report. Looks like poor CTO holders can look forward to another cap raising. From my limited knowledge i,m sorry to say that report left me with even more doubts. Does anybody understand the part about the 30 % pay ability , i thought 80 % of the resource was supposed to convert to reserves at approx 13 grams to the tonne. What does that 30 % mean . Does it mean that only 30% of ore being removed is payable.
 
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