CTO 0.00% 0.4¢ citigold corporation limited

Ann: Half Yearly Report and Accounts, page-2

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    12.5 mill liabilities , only a couple of mill cash and receivables, why has no one yet pulled the plug. So if i get the gist of things in this report then only 30 percent of the reefs are payable, ( I already new that from the technical report ) yet they still have to dig barren dirt to get to the next payable structure which is narrow vein and as such will not yield a huge amount of tonnes yet they still have to mine a 5x5 access decline in barren ground. Warrior ( aka Imperial was never even close to profitable ) and is now on care and maintenance yet somehow once central is mined and , cough cough god forbid becomes profitable , then they can go back and miraculously mine imperial again but this time profitably . ????? if those still in, still believe this mine is a goer then seriously good luck IMO you will need it in spades. The Narrow vein reef structures at Daisy Millano (SLR ) i read once , run at about 40 grams per tonne yet when all is diluted the average head grade at Daisy is usually aprox 6-8 grams and that mine is profitable most of the time . Rant over .
 
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