CTO citigold corporation limited

question., page-3

  1. 5 Posts.
    They've never done better than about 5,000 oz per quarter, so I'd estimate 20,000 oz/year unless (or until) something changes dramatically on the production side.

    A gold mine in Australia is break-even at about 25,000 oz/year, so while they are getting close, they are not going to return a significant profit until they exceed about 30,000 oz/year.
    From the GoldNerds web site, Australian production costs average around $750/oz, about 50% of revenue, so predicted profits would be 50% of the revenue from the ounces sold after the first 25,000. If they do 30,000 ozs, expected profit would be 50% of 5000 oz x A$1700/oz, say $4.3 million or 0.3 cents per share.
    This is an opinion, not investment advice and DYOR.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $9M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
26 17827747 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 3003468 8
View Market Depth
Last trade - 11.15am 24/06/2025 (20 minute delay) ?
CTO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.