CTO 11.1% 0.5¢ citigold corporation limited

I think the ore sorter will be installed underground at Warrior...

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    I think the ore sorter will be installed underground at Warrior in a couple of years time - will probably need a chamber large enough to be built to house it first.

    there's probably no rush as without this sorter cash costs are still running at under AUD$500/oz anyway even at this early development stage.

    Remember ..
    At this early stage we might have a ratio of say 1 stope operating for every one that is being developed - and so plenty of ore dilution - yet costs are still lower than most emerging juniors that are giving their gold resources away - what could be worse ?

    At a later stage when we have 5 operating stopes to every one being developed .. the dilution will be knocked right down... cash costs should head towards AUD$350/oz

    I just hope CTO can finally get to this stage - it needs cash and the SPP to be a success.

    i think it would be wise if CTO started discussions with mid tiers/majors just in case.

 
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