CTO 0.00% 0.4¢ citigold corporation limited

time to break the trend, page-14

  1. 12,639 Posts.
    Production is currently building up to target, it will not be until full scale production is reached,
    expected in the 1st quarter of 2008.

    40000oz per year is their target or 3333oz per month.

    Their time frame to bring the Sunburst mine into production is 2-3 years which will give them an extra 60000oz per year which will make up 100000oz per year.

    They may be able to increase production from warrior a little in 2008 but no-where near the 100000oz mark. They haven't even talked about increasing warrior's production over the next year so I'm hoping. They still need to get to the initial production target so that's what you should be focussed on.

    CTO never like to talk about time frames as they like to do it all at their own very slow pace.

    Still the company seems to be very undervalued and the company secretary said that if you take an average of 10% in situ the value of each share should be worth $1.30 at the moment so that is a positive isn't it? :):)

 
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