Carbon-stripping facility (gold is absorbed by carbon when its...

Carbon-stripping facility (gold is absorbed by carbon when its in a solution form and then the gold is stripped off the carbon in the next stage of the process before going to the gold room for scrapping) .CHUCKEY 15/10/09 QUESTION .

lets look at a few things of interest starting with,

SEPTEMBER 2008 QUARTER...Independent experts confirm Resources, Reserves and mine plan ...Megawatt electric power upgrade completed ....24/7 mining operations underway since August...
what this means to me is that the foot is on the accelerator with less restrictions i.e. you have to have underground tunnels/development to get to the gold for now and for the future.

DECEMBER 2008 QUARTER... Capital works expansion program progressing: Up 14%....Next gold production area accessed by decline.....7% increase in underground productivity....
what this means to me is underground development increasing and starting to access gold production areas.

MARCH 2009 QUARTER .....Capital works expansion reaches new mining area – WS19.....25,000 ounce gold production plan for calendar 2009....
what this means to me is like a lot of rabbits working together lol they have dug out lots of tunnels and found multiple production faces to mine and they are now finally confident of moving forward as the past restrictions of electric power and man power shortage and lack of tunnels and production levels is rapidly being solved.

SHORT TERM QUARTERLY GOLD PRODUCTION PLAN
June 09 September 09 December 09
2,500 ozs 5,000 ozs 15,000 ozs

ANNUAL GOLD PRODUCTION PLAN
(Calendar Years)
2009 2010 2011
25,000 ozs 85,000 ozs 160,000 ozs

JUNE 2009 QUARTER ....2009 production plan on track for 25,000 ounce (‘oz’) gold...Gold production 1,855 oz...Gateway Takeover bid launched....Joins S&P / ASX All Australian 200 Index...
what this means to me is, Gold production 1,855 oz is a positive ,this is because CTO forecast 2,500 oz and they made 74.2% of there forecast with a lot of restrictions removed.

SEPTEMBER 2009 QUARTER....if the actual ounces comes in at 74% of the forecast or above I will be happy.

DECEMBER 2009 QUARTER.....if the actual ounces comes in at 74% of the forecast or above I will be happy as CTO is finally starting to go somewhere and making more momentum.


this is in no way meant to be advice to anyone ,please conduct your own research etc