CTO citigold corporation limited

newbie, page-3

  1. 3,286 Posts.
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    Richierich, their JORC is a JOKE.

    Check what is proven vs inferred and what is their reserve.

    Production costs may be reported as low, but if you take into account the effort to get to the narrow veins (development), then g/T is less than 1, ending in unprofitable.

    The easy, high grade gold was taken out in the early 1900's.
    Their is no pot of gold at the end of this one.

    Disclosure: once held, massive loss like most.
 
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