CTO citigold corporation limited
Add to My Watchlist 14.3% ! 0.3¢

sp their resource model is obviously flawed, I'd be surprised if...

  1. Legume
    5,583 Posts.
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    06/02/10
    19:14
    Post #: 6297653
    sp their resource model is obviously flawed, I'd be surprised if they actually dig out 100Koz of that supposed 10Moz resource. Didn't they say they were losing ounces in the latest quarterly? many more 'lost' ounces to come imo.
    A Model vs Actual mining give two different results. Want to have a look at a gold miner exceeding modelled results? have a look at RMS (they report how they've gained ounces while mining)... CTO is at the bottom end of the spectrum.


    CTO Price at posting: 10.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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