Ann: CEO Presentation - Rodman and Renshaw New Yo, page-27

re: Ann: CEO Presentation - Rodman and Rensha... Yawn ? all this moaning about not revealing the silver. Do a little research, guys instead of whipping up yet another conspiracy theory. I spent 5 minutes on their web site doing a word search for silver. Lo and behold! Silver information has been in the public domain since at least 2005, and probably since 1997 as they were paying royalties then (I got bored after the 2007 Ann Rep).

In the Inferred Mineral Resources Report 2005, p23:
?Elements reporting to the dor? bars are mainly silver and iron, with minor copper, lead and zinc. .....
The silver to gold ratio as determined from Royalty Returns to the Queensland Department of Natural Resources and Mines (1997-2000) was 36 : 64.?

Then on p32.
?The mineralisation comprises free gold with a small amount of electrum (a natural gold-silver alloy), and the gangue minerals are sulphides of iron (pyrite), lead (galena), zinc (sphalerite) and copper (chalcopyrite).?

Same comment on 2 pages on the Web site:
http://www.citigold.com/Gold_Extraction.asp and
http://www.citigold.com/Mining_Overview.asp
?The plant outputs gold 'dore' bars (containing about 60% gold and 30% silver)[there?s that magic 50%!] which are then shipped by secure transport to a gold bullion refiner where the gold and silver are refined and the mine paid for these valuable metals.?
And on a 3rd web page:
http://www.citigold.com/Mining_Overview.asp
?The Mining Leases grant to Citigold exclusive mining rights to the valuable metals. Gold and silver are the principal valuable metals mined by Citigold and we pay a royalty to the Queensland State Government of 2.7% of the sale price of gold and silver extracted.?
And again in the Annual Report 2010, p.8
?A series of operational plans have been drawn up and preliminary production schedules and costings carried out for development in joint venture of this major gold and silver resource.?

And on p.42 Note 11 Inventories
?Gold and Silver on hand $751,022 (2010) $590,600 (2009)?

Annual Report 2007, p.39 Note 11 Inventories:
Gold and Silver on hand $46,053 (2007) $46,054 (2006)

Move along, people, move along. Nothing to see here. At $40/oz silver and $1800/oz gold, and silver at 50% of gold ounces, the silver revenue is 1% of the gold. Not worth reporting.

You could have bought CTO stock at 6 cents and sold at 8c and made a 30% profit. Who cares if they?re not actually producing gold or the Board?s lining their pockets? The stock moves 10% to 15% in a few days at least once a month (learn to short sell) and cycles annually from a high in Oct-Nov-Jan, trends downwards from Feb to lows in Sept. ?Go away in May, remember in November?. Great little earner! You don?t have to like the Board or a stock to make money out of it. Program in a 5% stop-loss, sell on a 10% or 15% gain, and a selective 5% drop to buy back in, and go down the beach. Multiply by 10 little companies like CTO, retire at 45. This is an opinion, not investment advice, and DYOR.