anyone taking up placement?, page-10

Ah, but sbah2, how many companies can tell us this:

"10 Million ounce (311,000 kg) Gold Deposit.

Citigolds gold deposit is currently the largest and highest grade in Australia.
10 million ounces of gold (331 tonnes) Inferred Mineral Resource JORC compliant.
Contained in 23 million tones of rock at 14 grams of gold per tonne of rock."

At http://www.citigold.com/newsstory.asp?storynumber=7

Or this?

Citigold's Low Cost Advantage.

Citigold Corporation has major infrastructure and operating cost advantages with its Charters Towers operations that forward cost estimates indicated we could become one of the worlds lowest cost gold producers....

Being a lowest cost gold producer can mean greater profits.

Being a low cost producer will assist funding long term growth from internal sources.

Citigold's gold production cash costs are expected to be under A$350 per ounce at the full production of 300,000 ounces per year.

Expanded gold production at the Charters Towers Warrior mine to 100,000 ounces should see costs reduce towards A$350 per ounce due to increased efficiencies from economies of scale.

At http://www.citigold.com/newsstory.asp?storynumber=6

Or this?

Adding Shareholder Value.

Citigold Corporation Limited (Citigold) had a successful 2007. Post 30 June the gold resource of 10 million ounces remains strong, gold production is flowing, ore grades are high and the company has no term debt. All this has combined to leave Citigold in a strong position.

These milestones have seen the company maintain its share value. Both Citigolds market capitalisation and share price are on a strong base for growth in 2008/9.

An increasing number of shareholders appreciate the valuable asset in Australia's largest bonanza grade goldfield with a 10 million ounce gold deposit.

At http://www.citigold.com/newsstory.asp?storynumber=2