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0.00% 0.5¢ citigold corporation limited

So in other words if the company is losing $1,100 - $1,200 to...

  1. find8
    2,739 Posts.
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    22/06/12
    12:12
    Post #: 10339171
    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.
    CTO Price at posting: 5.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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