Not sure how you can go out and ask for $100M without a plan of how it will be spent, and what the payback ROI will be.
If they cannot produce a BFS/DFS then who would in their right minds fund this based on their one statement.
"The Project comprises of the 14 million ounce gold deposit, with an Inferred Mineral Resource
of 32 million tonnes at 14 grams per tonne gold and 620,000 ounces of gold in the Probable
Ore Reserve (2.5 Mt @ 7.7 g/t Au at a 4 g/t cut-off)"
Big deal!
You could have 10 times that at better grades, but what does it cost to get it out of the ground?
How are they presenting this project to possible financiers?
Why is this information not disclosed to shareholders/public?
Can a BFS be created with the current drilling results or is more infill drilling required?
What are the costs of the new proposed ultra-modern plant and power systems?
What workover is required for the current mine to make it a safe environment?
Questions, questions and more questions.
- Forums
- ASX - By Stock
- CTO
- $29,469,000,000 of Gold is it a Takeover Target like CDV?
CTO
citigold corporation limited
Add to My Watchlist
0.00%
!
0.3¢

$29,469,000,000 of Gold is it a Takeover Target like CDV?, page-50
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $3.742K | 1.230M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 17165748 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 1613468 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 17065748 | 0.003 |
5 | 5833666 | 0.002 |
3 | 8400999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 1613468 | 7 |
0.005 | 11606846 | 12 |
0.006 | 2732952 | 6 |
0.007 | 1714285 | 2 |
0.008 | 2000000 | 1 |
Last trade - 15.26pm 20/06/2025 (20 minute delay) ? |
Featured News
CTO (ASX) Chart |