CTO citigold corporation limited
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The 10million oz is an inferred resource which is the lowest...

  1. gmt
    8,245 Posts.
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    04/05/12
    17:01
    Post #: 10134392
    The 10million oz is an inferred resource which is the lowest level of confidence of the JORC, to instill confidence the company needs to upgrade to reserves which they say will be done over time.Just as with them quoting they are working towards producing 300k ozs per year over a 5 year period still not sure when this 5 year period commences.They are now 6 years in as a miner? producer? or is it explorer I am never quite sure. Watching this all unfold or unravel is like watching episodes of the bold and beautiful.

    DYOR My thoughts and ramblings only

    Enjoy your weekend
    CTO Price at posting: 6.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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