CTO 12.5% 0.5¢ citigold corporation limited

i don't understand..

  1. 14,914 Posts.
    Some people here are saying this gold mine can never be economical.

    With grades of 14g/t average PLUS silver credits, what am I missing here?

    "The Probable Ore Reserves are outlined below:-
    ? 620,000 ounces (19,000 kilograms) of gold (2,500,000 tonnes at 7.7
    grams per tonne gold), and
    ? 410,000 ounces (13,000 kilograms) of silver (2,500,000 tonnes at 5.1
    grams per tonne silver).
    The Inferred Mineral Resources are outlined below:-
    ? 11 million ounces of gold (25 million tonnes at 14 grams per tonne gold)
    ? 7 million ounces of silver (25 million tonnes at 9 grams per tonne silver)"
 
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