CTO
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0.00% 0.4¢ citigold corporation limited

If they need to spend $9M+ to dig a decline everytime they need...

  1. dHarv
    744 Posts.
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    02/02/09
    09:15
    Post #: 4749862
    If they need to spend $9M+ to dig a decline everytime they need to access a new area, shareholders aren't going to see much profits. Yes, what happened to past declines and 14 g/t stopes?

    Hopefully gold will be US$2,000 by september, looking at the bond situation it's possible, but before then CTO holders won't be happy chappies.

    CTO Price at posting: 22.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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