CTO 0.00% 0.5¢ citigold corporation limited

Some people here are saying this gold mine can never be...

  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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