CTO 0.00% 0.4¢ citigold corporation limited

Extract from the March Quarterly.There are currently five (5)...

  1. 230 Posts.

    Extract from the March Quarterly.

    There are currently five (5) ore mining levels planned for the WS19 area. These levels are accessed from several cross cuts and ramps in the western decline that comprise the overall total of 500 metres of development referred to above.

    The third quarter is forecast to see the increased gold production being supplied by development of level drives in ore and initial stoping of the WS19 area and the further
    development of the Sons of Freedom.

    The final quarter in 2009 should see the completion of the
    ore drives and stoping in WS19 plus the commencement
    of stoping in the Sons of Freedom.


    SidR is right that the quarterly will probably only be announcing that the decline to the main mining area is near completion. They haven't started the level drives and gold production in the third quarter will be coming from development ore only (the 5,000ozs) The final quarter (15,000 ozs)they only start stoping (provided everything has gone to plan) from this area. I am having serious doubts about the 15koz in the last quarter.
 
watchlist Created with Sketch. Add CTO (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $12M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $20.71K 5.177M

Buyers (Bids)

No. Vol. Price($)
24 14414790 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 2859251 8
View Market Depth
Last trade - 13.09pm 28/06/2024 (20 minute delay) ?
CTO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.