re: Ann: $50 Million Investment in Citigold t... Sydney,Years of...

re: Ann: $50 Million Investment in Citigold t... Sydney,
Years of drilling, mining, sampling and modeling has not altered the JORC from an "Inferred Resource" the lowest point on the JORC scale.

Yes there have been a lot of shareholders hurt financially some have realised losses and some carrying losses on paper. The facts still remain the company and its management has continued on with projections and forecasts year on year of production ramp ups to 300k ozs within 4 years but have yet to deliver a start date for this to commence.There has been NO assay results for over a year though there have been hundreds / thousands of metres of drill holes in the year.
As has been mentioned before it is all very well talk about it costing $600 per ounce from every tonne of ore mined however this does not take into account the rock / rubble removed to get to the gold bearing ore.

The people here are not looking for revenge they are asking for the truth, there have been many so called partners ready to invest that have quickly disappeared with no real reasons given.

DYOR My thoughts only