CTO 12.5% 0.5¢ citigold corporation limited

gmt I'm not giving you or anyone advice of course , as I'm just...

  1. 2,739 Posts.
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    gmt I'm not giving you or anyone advice of course , as I'm just a mug investor like everyone else on this forum.
    I think the company should clarify a few things that's all - it owes its long term shareholders that much.

    Re: current real costs - are you sure that Development costs will eventually decrease with scale here (I'm assuming that's what you're hoping for as a long term investor) ? .. assuming of course production scales up ?

    After all you need to tunnel through x volume of dirt to get to y ounces of gold - and I would logically expect this x to y ratio to remain relatively constant irrespective of scale.
    So if Development costs (Access Tunneling ) have been averaging $1,000/oz thus far I can't see how they will come down with scale.
    Can someone correct me if I'm wrong here ?

 
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