CTO citigold corporation limited

Question for the AGM, Why is CTO's share price at a 10 year plus...

  1. gmt
    8,242 Posts.
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    Question for the AGM, Why is CTO's share price at a 10 year plus low of 4.2c when you take all of the following (from the website) into account?

    • Our Charters Towers goldfield is the largest major high grade gold deposit in Australia.
    • Citigold is the owner and operator of 100% of the goldfield.
    • Defined gold resources are 11,000,000 ounces (342 tonnes) of gold - JORC compliant.
    • High grade gold deposit contained 25 million tonnes of mineralisation at an average grade of 14 grams of gold per tonne.
    • Gross value of gold in the ground is $16.5 billion (@A$1,500/oz).
    • Cash mining cost estimated to be under A$400 per ounce at full production.
    • Mine life estimated at over 30 years based on size of gold deposit.
    • Long term exploration upside targets 50 million ounces (1,600 tonns) of gold.
    • Capital invested to date over A$190 million.
    • Additional new external capital required to reach full production rate of over 320,000 ozs/year estimated at $100 million. Balance of growth may be internally funded from cash flow depending on rate of growth.
    • No gold has been forward sold, so no hedging risk.

    And they now have the $100mill that they needed!!

 
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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¢ $3.742K 1.230M

Buyers (Bids)

No. Vol. Price($)
24 17165748 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 1613468 7
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Last trade - 15.26pm 20/06/2025 (20 minute delay) ?
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