CTO citigold corporation limited
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What is CTO raising the money for ? .. a higher production rate...

  1. bolide
    265 Posts.
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    22/09/11
    14:04
    Post #: 8995422
    What is CTO raising the money for ? .. a higher production rate ?
    The more they produce the more they will lose !

    We know the total costs are $3,022/oz ..
    Let's make the gold price $1722/oz to help with calculations.

    So
    If CTO produces at 10,000 oz it'll be losing $13 mill/annum

    If CTO produces at 100,000 oz/annum it'll be losing $130mill/annum.

    The narrow veins means this is an unviable project - plain and simple !

    CTO Price at posting: 8.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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