5 reasons to buy cto, page-27

Watso said :-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.

In the latest quarterly they produced 5563 ounces.

This is what CTO management said in the June quarter 2007:-

Citigold retains its focus on adding shareholder value through growing gold production
and proving up gold in the ground. Gold refined was 2,601 ounces with a strong increase
expected in July when the final refinery results are in, early next month.

My comments:-
June 2007 quarterly production = 2601 ounces
December 2009 quarterly production figures = 5,563 ounces

Now my maths must be different to yours Watso but that tells me that todays production is a 114% increase on June 2007 production?????

It's unfortunate but true that there are so many disgruntled past CTO shareholders on here that try to mislead any new investors.

I'm all for facts but people on here are just posting anything to try to back up their own previous trading mistakes.