CTO 0.00% 0.5¢ citigold corporation limited

Ann: Quarterly Activities Report and Appendix 5B, page-39

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    In my view, the reality is that this thing's never going to be much more than a 50,000oz per year producer. With competent management, it could be and could profitably sustain that production rate for a long time. Underground gold mining in this situation is all a matter of identifying the right scale, suppressing greed and avoiding novel mining techniques. Anything else leads to Receivership.
    Last edited by jezzathegeo: 18/08/20
 
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