CTO citigold corporation limited
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Drip dry, teflon coated suits.Floods may wash the painted gold...

  1. SurfsUpDoods
    3,286 Posts.
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    03/01/11
    21:50
    Post #: 7681201
    Drip dry, teflon coated suits.

    Floods may wash the painted gold veins off from the mine walls. They will need more SIs to enable them to buy more gold paint to repair the damage to the walls.

    After the flood waters receed in QLD, hope 2011 brings more value to CTO shareholders.

    Unfortunately, as the price of gold increases, CTO devalues. This could be due to other borderline mines now becoming profitable and cash flow positive with more upside than CTO.

    CTO being downgraded to an explorer and no compliant JORC does not help in securing investors or a company with real mining experience and talent.

    SUDs

    CTO Price at posting: 12.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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