CTO citigold corporation limited
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Sorry - you also brought up the NTA.re: The NTA and the resource...

  1. find8
    2,739 Posts.
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    20/06/09
    13:19
    Post #: 5304513
    Sorry - you also brought up the NTA.

    re: The NTA and the resource were both independently assessed and accredited by experts.
    At the end of the day of course, everyone including experts can get it wrong.

    i think according to the last annual report..
    The NTA was calculated on assumption including a gold price of AUD $700/oz .. it's currently about $400 - $500/oz higher , but also on assumptions that this project will eventually be capable of producing gold at the rate of 50,000 oz - 300,000 oz/annum.

    So you're right ..
    If CTO or whoever else manages this project fails to produce at these levels or the assumptions proved too optimistic, for whatever reason, then the NTA
    will be recalculated downwards.











    CTO Price at posting: 18.0¢ Sentiment: LT Buy Disclosure: Held
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