CTO 0.00% 0.4¢ citigold corporation limited

money magazine article out, page-32

  1. 2,739 Posts.
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    Last post I promise... i'll give it a rest after this.

    Sorry to labour on this point ... it's also a reference so I dont forget myself next time.

    This is my understanding -

    Re: The Stopes ... it's not a simple case of multiplying the number of stopes by an expected yearly extraction rate of 10,000 oz/annum / stope... to work out the total extraction rate at Warrior.

    There may indeed end up being 7 or 8 stopes at Warrior, but as the aim is in getting a consistent 9g/T blend (allowing for some dilution) there may only be 4 or 5 stopes being worked at a time on average.

    The stopes and decline are going ahead now with the power upgrade so i"m just going to relax until june to september and hopefully enjoy the gold price rise
    it feels like gold is the right sector to be in and we have plenty of the high grade stuff here

    cheers



 
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