I am confused while doing my due diligence into this one
wants to target 300,000 oz p/a production of gold, by when? not very clear
but only managed to produced 2,553 ounces of gold last quarter...is this because they weren't focussed on drilling, rather developing the Charter Towers gold mine?
so they say they have inferred resources of 10m oz. That's a lot... and this new j/v partner only pays 30m in drilling and gets 50 per cent? Am I missing something?
In december quarterly it says cash is ~1.9m but expected cash outflow next quarter is 5m... we are at the end of the 'next' quarter an no ASX ann. re funding for the march quarter
Thanks guys
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citigold corporation limited
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