About 2 million is required to expand the output to the next target 70,000 oz/yr. It always takes cash to expand output. In this case without the cash input it would take months of mining to pay for the expansion at the same time as fund the mining operation. The 2 million is for another 1.2 km or so of drives to another vein. I have no problem buying in to this as from here-on it’s the cream on top. Citigold have been patient and conservative every step of the way and thankfully we are about to reap more rewards!
CTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
