CTO citigold corporation limited

agm questions, page-2

  1. 1,014 Posts.
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    Can management explain the 15,000 ounce forecast for the last quarter of 2009, which failed to materialise at all? (The CFO told me the reason was a high grade intercept was used to infer a high grade zone about 80m long which turned out to extend only a fraction of that distance)

    Is payability a problem due to the difficulty identifying "pods"? Should the JORC resource cut-off grade be lowered at Warrior?

    Why is it only now prudent to reduce the size of declines/access drives and use smaller equipment, why not years ago? What are the trade-offs in making these changes (safety/efficiency etc...)?

    How does Sons of Freedom compare with Warrior in terms of grade and payability?

    What specific changes to mining operations does the new director Dr White recommend? What revisions would he make to the report on CTO's gold production plan he wrote in 2002? http://www.citigold.com/downloadablefiles/tip.pdf
 
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