CTO citigold corporation limited

I estimated currents debts around $20 million, is that close? So...

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    I estimated currents debts around $20 million, is that close? So gmt and whereu you have no belief in economic gold deposit at Citigold? If that case who is keeping the share price at 1.5c? Just total lack of interest?
    Understand if nobody has belief in current management but they can be replaced whereas an economic gold deposit is either there or not.
    I believe the well known and respected Prof Brian White was a director at Citigold and must have accepted the JORC and its estimates? Or am I mistaken?
    On the other hand surely a big player like Barrick would have picked this up long ago if it as good as they are claiming. To someone like them this is a very cheap acquisition and the drilling to prove up JORC is just small change. So why have they (or another big local player) not done this already?
    Given the long term outlook for gold why wait until possible Admin when they can acquire this alleged major gold deposit for peanuts?
    Last edited by Josh42: 26/06/16
 
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