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0.5¢ citigold corporation limited

Ann: Half Year Report, page-16

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Chicarno88

666 Posts.

97

07/03/23

07:41

Post #: 66636455
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Originally posted by trtkjd1: ↑

the investment looks to good to be true because it is . Have you done any research on how much of Queensland they would have to dig up to get those supposed 14 million oz . Also a red flag is why is the inferred at Near double the grade of the measured and indicated resource . Have you factored in the 30 percent payability of the reef that’s not openly talked about in any of the presentations . When they were mining when I was a share holder a long time ago . I tried to work out the actual overall fully diluted head grade , but due to lack of transparency in reporting waste movement it was impossible to get an accurate figure . At the time Gold was a good price and they still racked up loss after loss , quarter after quarter . Imo only thing they will ever mine successfully is gullible investors pockets .

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Thanks trkjd1,

Yes, I picked up the head grade issues as well, good point.
I assumed that the cost of waste movement was factored into the AISC estimate of AUD$800/Oz.
Can you please elaborate on the 30 percent payability of the reef ?

CTO Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $15M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
18	11734643	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	2236170	2

View Market Depth

No.	Vol.	Price($)
18	11734643	0.004
11	6705438	0.003
6	6339024	0.002
7	10002988	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	2236170	2
0.006	1480000	2
0.007	7148000	5
0.008	6166372	8
0.009	2279781	7

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