CTO citigold corporation limited

quarterly, page-2

  1. 190 Posts.
    As they have been progressively changing their mining strategy with the development of the "Sons of Freedom" by digging narrower declines and chasing the veins using selective air legging techniques, we would expect that they will report something more favourable this quarter with the leaner approach. It will be interesting how they are managing their stopes in this regard.

    It wouldn't surprise me if they have commenced trading down on the older less relevant equipment as part of the revised mining strategy; i.e to acquire the newer lighter gear to suit.
 
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