CTO citigold corporation limited

This extract is from the 2005 AGM Roundup. By Mr Foord9 December...

  1. gmt
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    This extract is from the 2005 AGM Roundup. By Mr Foord

    9 December 2005

    "Finally, Mr Foord reports
    that at its current rate the Warrior
    gold mine is progressing with
    production levels scheduled to
    produce gold resources at a rate of
    40,000 ounces per annum,
    equivalent to approximately 3300
    ounces per month, over an
    expected mine life of ten years."

    Based on the above are we 1, 2, 3, 4 or 5 years into the expected mine life of 10 years?

    Actually it is a trick question, note it says scheduled to produce 40,000 oz per annum, so it is only a dream we are still at year 0, so the mine still has 10 years left of expected life.

    The crystal ball was ceretainly cracked, in fact I dare say it was a solid lump of granite in the shape of a crystal ball.

    Incredible to think I used to believe all this stuff, there goes another flying pig. DYOR
 
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