CTO citigold corporation limited

I still like the 230,000 oz/yr quote. Cracks me up. Unless its a...

  1. 288 Posts.
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    I still like the 230,000 oz/yr quote. Cracks me up. Unless its a typo and it is actually supposed to read 230,000 t/yr.
    They would need to be putting in 1 - 1 1/4 oz dirt 24/7 year round to hit that target with current mill capacity....or spend upward of $50mil to do a major upgrade on the mill to at least 1 mil t/yr capacity.

    But then again even in good gold climate I haven't heard of too many people willing to invest that kind of money on and + 80% inferred resource.

    Although saying that it is still a nice orebody if you had the disposable cash and willing to take a punt. Me, personally from narrow vein HG ore deposits experience, would just start off small with what you have and work on building your own free cash balance then plan your expansion in stages.
 
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Last trade - 15.26pm 20/06/2025 (20 minute delay) ?
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