yes sidr - there are 5 reasons to buy ctoin the thread, it is...

yes sidr - there are 5 reasons to buy cto

in the thread, it is mentioned that cto were mining 300 oz per week - as indicated in a cto presentation

www.citigold.com/Presentations/WhereToFromHere/player.html

- well, that link does not work - but somewhere there is a link that does work - but forget that, a report from 2.5 years ago gives the following

" August 2007
GOLD PRODUCTION INCREASES
Citigold Corporation Limited (Citigold) is please to advise that gold production is up substantially for the month of July, as indicated in the recent Quarterly Report released at the end of July.

Refined gold produced in July totaled 1,887 ounces which represents a 118% increase from the June 2007 quarters monthly average.

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more than 2 years later and the company is mining at the same rate, and then proudly claims that it is 10% above forecast. maybe there is something wrong with the orebody, because in the presentation, production was supposed to increase to 800 oz per week (ie 40,000 oz per year)

anyway this is what the "old management" team reported

"the management team is dedicated to the task of growing the business at Citigold. The coming 2008 year has the potential to further unlock the enormous value at Charters Towers."

maybe it is a simple case, that the gold is not there