Gee, I dunno Woteva. Have a look at the summary below posted by...

Gee, I dunno Woteva. Have a look at the summary below posted by a long-suffering holder back in 2008. I think the jury is back in and has issued their verdict - CTO management arent up to the job.

(Disclaimer - I held & got fried)
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Year 2001

Goal 250,000 ounces
Initial aim base of 50,000 ozs with two years increasing to 100,000 ounces
Production 0 ounces

Year 2002

15 million ounces of gold resource potential.
Goal 250,000 ounces
Resume gold mining in 2003
Initially producing 10,000 ozs and building upto 250,000 ozs in 5 years.
Production 0 ounces.

Year 2003

Goal 250,000 ouces
Producing 0 ounces

Year 2004

Gold production is planned at 40,000 ounces per annum
Goal 250,000 ozs
Production 0 ozs

Year 2005

Probable ore reserve 330,000 ounces
40,000 ozs scheduled production, 250,000 over 5 years.
Production 0 ounces

Year 2006

This coming year we are targeting full production of 40,000 ozs and the commencement of development work on the second phase which will take production rate to 120,000 ounces per annum, building to 250,000 ozs.
Production 0 ounces

Year 2007

Initial goal of 100,000 ounces a year to 250,000 ounces long term goal.
50 million mineral resurce
Production 0 ounces

Last quarterly 2008

Gold production 3,913 ounces
Citigold is advancing discussions with appropriate providers for the long term financial funding to accelerate the expansion of the mine above 50,000 ozs
per year to 250,000 ounces yearly.