CTO citigold corporation limited

trtanother thing confuses me about the quarterlythey say they...

  1. 1,860 Posts.
    trt

    another thing confuses me about the quarterly

    they say they have been tunnelling through the ore body in preference to development tunnelling so I'd expect that extracting from the ore body would achieve much higher head grades than about 2.5 g/t

    if the ore body is 14 g/t and the host rock is nil and half tunnelling was development and other half was extracting ore then I'd expect the head grade to be about 7 g/t

    CTO numbers never seem to add up for me

    my CTO sentiment is hold because the sp looks cheap, but certainly better value elsewhere for those you are holding
 
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