CTO citigold corporation limited

Website has been updated since i last looed at it many moons...

  1. 3,286 Posts.
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    Website has been updated since i last looed at it many moons ago.
    Of note, there are no annoucements available prior to 2018,convenient. Luckily the asx have them.

    Some key points
    • Cash mining cost estimated to be under A$400 per ounce at full production - seems to becoming cheaper to attract investors.
    • Additional new external capital required to reach initial stage production rate of over 220,000 ozs/year estimated at $60 million. Balance of growth may be internally funded from cash flow depending on rate of growth. - was $100M, How did they manage to save 40% of capital required.
    • No gold has been forward sold, so no hedging risk. - was tried by paying bck redeemable notes in gold but you need to mine it first
    • Citigold is very capital efficient based on cost of asset and gold mining infrastructure built to date. - they don’t own the plant. What infrastructure do they have left?
 
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Last
0.3¢
Change
-0.001(14.3%)
Mkt cap ! $9M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $837 278.8K

Buyers (Bids)

No. Vol. Price($)
26 18515526 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 3203468 9
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Last trade - 11.08am 26/06/2025 (20 minute delay) ?
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