CTO 0.00% 0.4¢ citigold corporation limited

progress of deep hole, page-33

  1. 2,739 Posts.
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    mickey

    Whether I'm a dreamer is of little consequence.

    More importantly you must think the Qld government are also dreamers in thinking a MASSIVE system exists here and a lot more to be revealed - to the extent they are putting money where their dream (or mouth) is and sharing in the funding of the considerable deep hole drilling costs.

    All I meant before is I share the view of the consultant who wrote the JORC inferred resource.
    This expert was prepared to sign off on the fact that although only an inferred resource the predictability and repetitiveness of the system and consistency of the grades (14g/T) - leads him to conclude there's an 80% chance that at least 10 mill oz will be proven as a reserve.

    The Qld govt obviously thinks there's even more - I agree with them and the consultant.

    I strongly disagree with your dim view.

    No I dont work as a contractor for CTO - maybe my wording wasnt clear before.



 
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