re: Ann: $50 Million Investment in Citigold t... Funding is one...

re: Ann: $50 Million Investment in Citigold t... Funding is one thing getting the gold out profitably is another.

It is noteworthy that the funding didn't come from an experienced underground gold miner - and we all need to stop and ask ourselves wouldn't underground gold miners be lining up for a piece of the action if they saw a profitable future for this project ?

Even if this gets to 100,000 oz/annum - it doesn't alter the fact that there's a lot of barren earth before you access the gold ore at 10 or 14g/T ... and that dilutes the hell out of it... probably down to 0.3 g/T.

Open pit mines are barely profitable at 1g/T !