CTO 0.00% 0.5¢ citigold corporation limited

no brainer, page-34

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    So in other words if the company is losing $1,100 - $1,200 to produce each oz of gold i.e. it's losing money at the rate of $11 - $12 million /annum to produce at 10,000 oz/year - why is it continuing to produce.

    Why does it not go into a care and maintenance mode ?

    I could be wrong, so please don't rely on what I'm saying and do your own calculations - but anyway the company should clarify things before the next capital raising.
 
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