CTO citigold corporation limited
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G'day Jason.The CTO quarterly report for March stated: "25,000oz...

  1. lockitt
    8,520 Posts.
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    06/12/09
    16:26
    Post #: 6009258
    G'day Jason.
    The CTO quarterly report for March stated: "25,000oz gold production plan for calendar 2009".
    It also stated "Annualised production rate of 60,000ozs by late 2009.
    Production so far for the year: March qtr = 2,522ozs, June qtr = 1,855ozs, September qtr = 2,609ozs.
    Total = 6,986ozs.
    To reach Mark Lynch's stated target they need 18,014ozs for the last quarter of 2009.
    What chance that???
    As far as the stated "Annualised rate of 60,000ozs by late 2009", well I suppose if they produce 15,0000zs for the last quarter then they are there, but I will not be holding my breath.

    Kind regards

    Lockitt
    CTO Price at posting: 15.0¢ Sentiment: Sell Disclosure: Not Held
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