CTO citigold corporation limited

Ann: Citigold Board Restructure , page-3

  1. 2,276 Posts.
    lightbulb Created with Sketch. 95
    It is disgraceful that they still use the following statement:-

    "STRATEGIC BUSINESS SUMMARY
    Citigold Corporation is a gold producer controlling Australia's richest major goldfield at Charters Towers in North Queensland. The high-grade deposit contains a gold resource of 10 million ozs (23 Mt @ 14 g/t) with exceptional growth potential. Gold output targets growing to 300,000 ozs per year with gold production cash costs under A$350 per oz. (See www.citigold.com for full resources report)".

    They continually throw out the line "Gold output targets growing to 300,000 ozs per year" without a time frame!!

    Surely this should be subject to ASIC scrutiny?

    Regards
 
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