CTO 0.00% 0.5¢ citigold corporation limited

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    The continual company announcements re: Lowest quartile cash costs - isn't that ramping ?

    As every thinking person knows this is an underground mine with massive and ongoing Development costs.
    We are not talking about an open pit mine here.
    Cash costs are only a small component of the total costs.

    DEVELOPMENT COSTS ?????????????????????????????????????????

    Cash Costs $500/oz or so + Development Costs probably upwards of $1,000 /oz or so (costly tunneling - never mentioned in announcements) makes this project uneconomic.
    Then you have admin costs, royalties, drilling costs, Depreciation costs.

    Costs add up to $2,000/oz plus - and the shortfall is made up by capital raising.

    DYOR

 
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