They state 620,000 oz in the Probable Ore Reserve , which gives...

They state 620,000 oz in the Probable Ore Reserve , which gives a confidence level of 50% that they could recover that as I understand the classification but stand to be corrected. The JORC is open to interpretation as different competent persons may have their own view on the resource. You also need to take into account the disclaimer / cautionary notes at the end of many of the reports.

Their website contradicts the spiel about 300k oz at the end of the 5 year plan, the website says “ Citigold has an ambitious plan to grow into a 218,000. oz a year gold producer underground at Charters Towers”

Do you think management or board member of any company would tell you anything negative about their company, and then ask yourself who has benefitted financially from the company for more than a decade while retail shareholders investment has declined to be almost worthless .

I think non performance of any company for over a decade ticks all the boxes, the wrong ones!

All my personal opinion of course.


DYORMy thoughts and ramblings only