CTO 0.00% 0.4¢ citigold corporation limited

i don't understand.., page-21

  1. 2,739 Posts.
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    The point is should this company be trading at all ?
    CTO's losing over $1,000/oz of gold produced and at the current gold price after producing for 10 years !.

    Where is ASIC ?

    CTO will probably not even break even at 300,000 oz/annum.

    The ROM grades are what (coming out of the mine) ?? ,, 0.3g/T (I'm guessing) amongst all the hard rock ?
    This ROM gold still needs to be extracted, the rocks still need to be crushed.

    Other small underground miners with much wider veins and much less dilution like KRM - might have ROM grades of 10g/T plus.
    So 30x less dilution and are very profitable at even 10,000 oz/annum.
    CTO is an uneconomic mine !
 
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