CTO 0.00% 0.4¢ citigold corporation limited

gold price, page-17

  1. 24,765 Posts.
    I absolutely agree with you, Jaxon.

    That is a very important point which should give us a lot of confidence in CTO's project.

    The gold that CTO is mining is NOT the same type of nuggety gold that BDG has.

    Because the gold that CTO has is "small particles of fine gold" it is possible to "accurately quantify the gold distribution by drilling...."

    But that is a serious issue with nuggety gold which means you might end up mining where you expect the gold to be but because of its nuggety nature you end up mining a much lower grade and mining at a loss.

 
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