CTO 20.0% 0.4¢ citigold corporation limited

strong buying, page-12

  1. 2,739 Posts.
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    So I expect the production rate to still be 1300/month at the moment .. as we still have the same number of stopes operating.

    Maybe a small increase to about 1500 oz/month around March 2009... nothing much happening until then.

    then for the month of June - I expect the production rate to reach 2,000 oz/month.

    In the month of September it should reach 3,000 oz/month.

    we should have positive cash flow at about 2,000 oz/month.. around June.

    this is what CTO is expecting to achieve ..( I made a couple of phone calls to CTO recently and posted recently).

    Hopefully we will enjoy a rising gold price in the meantime...
 
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