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Thanks! Good luck to you.
Very nice, points toward a favorable outcome tomorrow.
A revaluation will have to take place. Please keep in mind that the mill and equipment has been valued at $7M by itself. Current market cap at .0024 is $6M. Some would argue that we deserve a $28M market cap based on a permit for the mill plus our gold reserves in the ground and pending purchase orders from other mines.
Incorrect. There are 50-70 new boardmarks in the last few weeks and most are just beginning their DD. I won't consider this a bull run until we have 300 boardmarks minimum.
jenna, this is way under the radar right now.
The meeting is about 4 hours and CGFIA has an 'all star' team of witnesses lined up, a 134 page document supporting their work at the mill and the support of the county where they reside.
Important to keep in mind that they have $9M in purchase orders, per the 6/24 PR, once the mill is reactivated. Any pullback would be short lived.
Nice use of bold to grab attention, william. I think we'll see some want to get in today on speculation of an approval or conditional approval. As you know, there are $9m worth of purchase orders for milling ore pending.
Hey, who turned down the volume! :) Crank it back up.
They aren't pr's. They aren't on any major newswire.
That makes absolutely no sense.
I wonder how many web hits and phone calls The Doctor's tv show generated.
3rd Quarter Conference Call this
week? Stay tuned.
Posted by itsfreeclassifieds Member Profile itsfreeclassifieds Share Wednesday, November 03, 2010 9:49:40 AM
Re: None Post # of 9066
Cgfia - Shorts getting slaughtered like the bay of PIGS! this stock has nothing to do with flippers, the big guys are in this play based on the new deal in Mexico. This stock is a beast and you can sell and get slaughtered like the rest who think they are investors.
CGFIA MONTHLY-- About 1.9B shares traded in the last 6 weeks.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55925583
Yes ,all the technicals have reset.
THANKS!
The projected 125m is over 5 years.
2.5 billion OS per the last filing.
Thanks for your insight, ficose. Definitely a crazy day but I think more will learn about the significance of Thursday's hearing and want to hold shares on speculation of an approval.
Quite a shake in the last hour, but .023 seemed to hold. Uptrend still confirmed.
Evening Ficose! Your thoughts on today's trading?
lol, its only a golden cross when the shorter term ma crosses the longer term. That said, the 50/200 cross is definitely a bullish trend.
Lots of good DD in the 108 page report CGFIA compiled for the upcoming hearing. They did a great job with it, and I expect a favorable outcome on Thursday.
You got that right! The mill alone is worth almost $10m, definitely undervalued here.
Constant pressure on the ask and the fact that the OS was increased by a billion in the last couple months.
An approval for their mill would be very bullish. It will bring in immediate revenue for the company.
Hopefully the dilution is almost over. This moves nice with buy pressure.
It already was extended to Thursday.
CGFIA worth a look here.
Gold settles $6.30 higher at $1,404.3/oz
Nice, first time that's happened in almost 4 years.
Yeah, I saw a couple 10M blocks go off.
Additional info on CGFIA's mill
Colorado Goldfields (OTCBB:CGFI) purchased the Mill in June 2007. Third-party estimates of market value place the value of the Mill at between $6 million and $8 million. The Pride of the West Mill is within six miles of all Colorado Goldfields' Mines. It is the only Mill in the 6,000 acre Silverton Mining District capable of mill operations. Management has already received inquires from other mining firms for custom ore processing.
Sure, guess we'll find out on Friday.
(video) The Pride of the West Mill - 3D Animation
That's what they do at hearings, bud.
There will be a vote at the hearing.
LAKEWOOD, CO -- (MARKET WIRE) -- 06/24/2010 -- Colorado Goldfields Inc. (OTCBB: CGFIA) announced today that in addition to the $6.1 million of preliminary purchase orders announced on Tuesday, June 22nd, the Company has received additional preliminary purchase orders totaling $3 million for custom gold ore milling from active mines in southwestern Colorado. Initial gold ore flow to Colorado Goldfields is now estimated to be approximately 300 tons per day by these orders, and represents $9.1 million in revenue in the first 12 months of operations, generating a projected $4.8 million in net profits for the Company.