CTO citigold corporation limited

Capex = AUD$50M Raisingmoney by future sales of Gold All...

  1. 666 Posts.
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    Capex = AUD$50M

    Raisingmoney by future sales of Gold

    All electricconveyors, diesel in mine, no capital costs for ventilation.

    Old mining gear was for crushing granite all day long.

    Why not find a way around the granite and mine the ore, and process 1% of the tonnage? Instead of creating dust and dirt, not to mention ballooning AISC

    I would rather have a modern mine with processing plant for AUD$50M processing 99% less tonnage than a free for all creating granite dust all day long.

    1.5km isgoing to be tunnelled to get to the 14M Oz that is inferred.

    Verticaldrop of 200m further into the granite where the gold ore is.

    So perhaps you have not read the fine print have you?


    Chance of success >0% Malcolm, I'm sorry old boy, you lack the details required to substantiate your claims.

    Do you ever go for a drive to any of these mines and look around? Call management, read announcements? Do auxiliary industry research, or do you just bag every small, micro-cap gold producer on HC and anyone who holds shares and recommends their sentiment to Buy? I'm sorry, you might have made a small fortune from a much larger one investing blindly in the past in the small and micro-cap stocks, but that is where someone who is an investigator by trade vs a retail investor differs champ. Also, do you honestly believe people with substantial money care what anyone writes on HC?

    Any good luck

 
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