CTO can keep raising money because the company claims...

CTO can keep raising money because the company claims that:

"Citigold's gold deposit is currently the largest and highest grade in Australia."

Pity CTO don't rank it for cash flow profitability or ounces mined. Where would it then rank in Australia?

CTO also says they have

"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."

The above quotes are all at http://www.citigold.com/newsstory.asp?storynumber=7

In addition surely imo CTO are appealing to investors' dreams. On their home page at http://www.citigold.com/ is the following:

"50 Million ounce (1,600 tonne)gold potential"

I guess you can do a lot of fund raising, as CTO has demonstrated over the years, if you are backed up by a massive INFERRED Mineral Resource that is JORC compliant and to top it off suggest there is a 50 million ounces gold potential.