Citigold’s Managing Director, Mr Mark Lynch, commented that “a gold equity, such as Citigold, has more leverage than gold itself, because it is backed by its gold deposit asset, a low cost of production and a long mine life. If you buy an ounce of gold, that’s all you get. A gold mine equity can produce cash profits from extracting the gold from the ground where most of the value is added to the gold. A large gold deposit with a long life and low cost to mine has the potential to return substantial amounts of cash back to its shareholders during the life of the mine.”
At http://paguntaka.org/2009/02/24/citigold-plans-provide-acces-to-gold-reef-mining-areas-significant-increase-in-gold-mining-production/
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