CTO citigold corporation limited

History of this stock is clear for all to see. Im wondering if...

  1. 10,673 Posts.
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    History of this stock is clear for all to see. Im wondering if the previously mined gold 100 years ago was truly the 1 Billion worth of gold as its claimed.

    The only thing I can think of for the future of CTO, is if the Gold Price goes nuts and new Gold Bugs are created looking for anything Gold. So id say this is idle while the big Players wait for Gold to get closer to the point where it does a Bitcion hype run.

    Id be more inclined to bet that Gold Dips below 1000 an oz and Bitcoin as well. After all the future is in tech. The tech to go and worm out this Mine would be tech able to dig and worm out gold under the sea floor and inside a mountain, so if it was good enough to detect gold , you could just charge it up and let it go and find it.

    If the Co says 5 years away, then that is best case scenario, could be 15 years away from re-starting this mine. Mabe it needs FIFO workers from Asia at $2 per day to get it viable.

    Just seems a waste seeing the mine there and no viable way of making it work, Even 600,000 oz of gold is still worth $1.2 Billion bucks, and thats at 2000 AUD an oz, if it goes to 10,000 an oz like some think it will one day then surely that would drag Investors to the table to get this going.
    Last edited by ChippyDude: 08/09/19
 
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Last
0.4¢
Change
0.001(16.7%)
Mkt cap ! $10.5M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $1.05K 300K

Buyers (Bids)

No. Vol. Price($)
25 17794414 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 3203468 9
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Last trade - 14.34pm 25/06/2025 (20 minute delay) ?
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