Citigold - CTO, currently set to produce 40,000 Ounces per year, ramping up to 250,000 Ounces per annum by mid 2009, though safer to state early 2010.
CTO has the Biggest Gold feild in Aussie with 10 Million Ounces of proven reserves, with possibilty of 50 million Ounces, (yet to be proven up),but but exploration manager confident it is there. Also still exploring, and will be a low cost producer, $400 AUD, once next mine currently under construction is up and running efficiently, at 45 cents is a steal.
