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Ann: Capital Raising & Appendix 3B, page-27

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pooh_bear

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08/09/19

16:05

Post #: 40353632
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Originally posted by ChippyDude: ↑

I cant see how the Citigold Mine could cost anything near close to a billion to recover 2 Billion of gold.

They say 300,000oz pa is possible , so 300,000 x 2000 bucks an ounce = 600 Million per year in sales of Gold,

I cant see how the Mine would cost 600 Million per year in running costs. Thats assuming 300,000 oz per year was even possible.

All Im saying is the commentry on the website dosnt add up. How could it be that a Mine with 10 Million oz of resource, and claims to be ready in 5 years to mine 300,000 oz per year with low cost like $500 per oz in costs. So thats say $150 million per year to run the mine while its digging up 600 million in Gold.

If it did that say, making 450 Million per year net profit then the stock would be worth 4 Billion market Cap or 400 times the current half cent, It theoretically would become a $2 stock.

So whats the catch, whats not being told, why is there a 10m oz resource and just a 10m market cap.

What part of the above is not true. either they dont have the resourse they claim, or they cant fesibly mine it for the $500 per oz they claim , or the time to get ready to mine it is longer than the 5 years claimed.

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ChippyDude....what have you been smoking?

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Ann: Capital Raising & Appendix 3B, page-27

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Ann: Capital Raising & Appendix 3B, page-27

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