The sp is knocking on the door of its 10year low of 4.9c outstanding performance given its is "one of the highest grade goldfields in Australia". "Citigold hold's all of the high grade Charters Towers goldfield where a Mineral Resource of 11,000,000 ounces of gold (342 tonnes) at an average grade of 14g/t gold has been defined (25 million tonnes @ 14g/t gold) and documented, to JORC(Joint Ore Reserves Committee) Code reporting standards."
"project is now entering a development and ramp up phase which will result in a significant increase in production levels."
So are we ramping up from the 450k ounces of last quarter to say 2k ozs for current quarter? I guess the next quarterly will be telling us how pleased they are that there has been a 300% increase in gold production on the September quarter!
DYOR my thoughts and ramblings only
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