CTO citigold corporation limited

Geology description???, page-21

  1. 288 Posts.
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    Anyone Can easily pick holes in various things if you want to willial.
    example:
    Mill capacity is 340,000t per annum. meaning they could achieve the 320,000oz per annum if they feed a constant grade of 29.3g/t, every second, of every hour, of every day, with a mill running 100% of the time....
    With mechanical mining, Diluted grade on a 0.6m wide 29g/t ore body is prob around 6-10g/t (grade dependant) so oz per annum then drops to 60-100koz per annum. Mill downtime from scheduled maintenance, unscheduled, etc and prob looking at 90% availability, so knock off another 10% throughput.

    Anyway to my main point.....In short a DFS (definitive feasability study) done should cover all this and you would expect to see one prior to mining commencement or capital raising as it would laydown a detailed, transparent mine plan with designs, etc and all your costings for the market. It eliminates the need for statements that have no supporting evidence.
 
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