Colorado Goldfields Inc. (fka CGFI)

[1manband]

Looks like they just let that toxic crap drain right into the animas river on the north part of the cgf property. But somehow somebody was able to put up 2 nice homes...

And that is why bogus mining companies like CGFI are a serious danger to the industry.

Not only do these fake companies hurt the industry by making investors think all mineral exploration companies are lying scams, but the insiders are all about the money. They only care about how much money they can mine from investors. Since they have absolutely no ability to do things right, the environment usually suffers. That is bad for both the environment and legitimate mining companies, all of whom pay for the damage of the bogus ones both in remediation costs and taxes, but the increased scrutiny and costs necessary to winnow the real companies from the bogus ones.

There is a reason why the average time for a mine to be built and to be put in operation in North America today is almost 20 years. 20 YEARS. And whenever you see broke penny stocks like CGFI claiming they can be in production in about 2 years it is a sure sign of a scam.