CTO citigold corporation limited

BHAs auag has said ..what you need to understand is there's been...

  1. 2,739 Posts.
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    BH

    As auag has said ..

    what you need to understand is there's been a revised plan at Warrior... which targets a 100,000 oz/annum production now by focussing on the Western Decline - a big increase on the previous 40,000 oz/annum plan.

    So the end result is a bigger and better Warrior, but a delay in the earlier forecast production ramp up targets, which were based on the Eastern Decline.

    I've gone with the flow ..by accepting that trade off - a production ramp up delay for a 250% increase in production
    at Warrior (40,000 oz/annum to 100,000 oz/annum).

    Also I'm not convinced with CTO the company yet as a producer - I am however in love with the project itself - which has got bigger and better with the revised Warrior plan.

    To be convinced with CTO the producer, I still want to see CTO achieve its production targets .. especially the December 09 quarterly target of 15,000 oz.
 
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Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $9M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $6.027K 1.81M

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No. Vol. Price($)
26 17581526 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 2759580 5
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Last trade - 15.00pm 27/06/2025 (20 minute delay) ?
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