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"Assuming approximately $750,000 in new funding to re-activate the mill, toll milling will generate $6 million in gross revenue over the next 24 months. During that time, exploration and development of the Company's own mines will continue, and subject to additional development capital, the Company will begin milling its own ore in June 2011. At that point the Company is full speed ahead toward a five year projected $125 million cumulative net cash flow. The mill becomes the cash flow engine that feeds additional mine acquisitions expanding our 'enterprise value' model over time," stated Guyer.
Wrong. They just saw the volume alerts go off yesterday and played it for 30-50% gains.
**Mill has 700 Ton Capacity**
The mill has a capacity of 500 tons to 700 tons per day. The mill is valued at $12 million and several smaller mining companies have already approached Colorado Gold Fields about use of it.
They don't know about the hearing on Thursday. Smart money accumulating here.
"Additionally, the Company reports that the hearing date for the Pride of the West Mill permit amendment before the Colorado Mined Land Reclamation Board has been extended to December 16, 2010."
http://finance.yahoo.com/news/Colorado-Goldfields-Inc-Gold-iw-440978750.html?x=0
So we won't know until the acquisition.
"Pride of the West Mill Permit Approval"
akgoldminor Share Thursday, December 09, 2010 7:31:44 PM
Re: Burkhard post# 8022 Post # of 8822
My inkling from many years of commission and board meetings (both sides of the table)is that there will be a vote yay or nay on "Pride of the West Mill Permit Approval" at the meeting. It may be conditional or full, but they will vote.
What may happen is that they can give conditional approval with the conditions to be worked out with Erickson, giving CGFIA the opportunity to bring the mill back up to operating condition while working out the final conditions placed on the permit itself due to the tailings, ponds, etc.
IMHO
Nice 118 page report CGFIA compiled for their upcoming mill permit hearing.
http://drmsweblink.state.co.us/drmsweblink/0/doc/921904/Page1.aspx?searchid=017c1c6d-1478-4fe6-84ca-ed0b3d91a5cc
I stand corrected, 15m gross profit. My main question is what this does to our EPS.
nice use of bold, bud.
Need a nice 400m volume day to get all the dumb money out. Hearing on Thursday at 9am is bullish for CGFIA.
I think they are higher because they have spent 1.5B drilling their site and proving up reserves.
10 bagger Member Level Share Monday, May 03, 2010 2:55:43 PM
Re: Harry Wickey post# 96473 Post # of 99301
DPDW.. $0.125..
There is one line in the Cumings Corporation PR that gives/addes to me a little more than confusion in/on this buyout.. It is obvious that in order for this transaction to go further there had to be assurance that a private placement could be done.. As most PP's are at a discount,, the price would of been based upon a stock price prior to the announcement.. It is obvious that there was a leak if one would use PPS and volume as any gage.. Today CANT reappears as a seller and has always seemed to represent sellers from the first PIPE at $0.70.. If any of the $0.70 PIPE investors were contacted in this new private placement no one knows but a sale of the $0.70 PIPE at this level would create enough of a tax loss as to obtain over twice as many shares on a free bais.. Just thinking out loud,, but am concerned about the further dilution it would/could possibly cause.. As this is IMO and I am just thinking out loud maybee other's would care to comment.. hank
Audited financial information provided by Cuming Corporation indicates that revenue for the last twelve months, ending December 31, 2009 was approximately $73.3 million with a gross profit of $15.0 million. The total price for the acquisition including the assumption of certain liabilities is $50.0 million. Deep Down's closing of the purchase of Cuming Corporation remains subject to several conditions including Deep Down obtaining financing through a private placement offering for the payment of the purchase. Cuming management estimates that a closing will take place in approximately one month.
Cumings does 15m in net profit, no?
I was referring to small cap investment conferences and commodity sites.
Does Briscoe have any interest in promoting the story to the precious metal investment community?
You are a real POS. (Poster of Substance) Always look forward to the value you bring to the board.
How good are we talking? Looks like they this acquisition will add 15m net profit on an annual basis to DPDW.
Yeah, it was extended by a day since the CEO was out of the country.
Put a couple more weeks like this together and
we'll have a nice month, spark.
I imagine the Chinese investors Liang met with couldn't believe their eyes when they saw the ZTEM report.
So, we should be around 13.30?
Any major resistance to .007?
Are you serious?? That's gotta be hyuuuuge for CGFIA.
Thanks for the update.
Thoughts on the latest news?
Yes, a billion people desire to have a refrigerator and car. Just wiring a new home takes a good amount of copper. Copper is the best way to play the growth of emerging economies.
Yardeni: "Copper may double in 2011". Talking copper on Bloomerg tv right now.
He considers it a rare earth metal.
Try 1/11/11
January 11th, 2011, gives the FDA plenty of time to get 'r done.
I'm almost inclined to have Liang stay in SE Asia for 4-6 months or however long it takes him to find funding. He seems to have the contacts and credibility to achieve that.
Needs to close over .005 with strong volume. Maybe 20-25M.
How much does Barron have left, ch?
SPMI went up 150% Friday, nice call.
I'd like to think so. They could get guaranteed supply at a fixed cost in exchange for funding the development of the mine.
Copper will move from a balanced market this year to shortages of 800,000 tons in both 2011 and 2012 at current prices, Simon Collins, head of refined metals at Trafigura in Lucerne, Switzerland, said in an interview yesterday. That’s even before demand climbs as exchange-traded funds backed by the metal are introduced, he said.
http://www.bloomberg.com/news/2010-12-07/copper-faces-2-year-shortage-peak-over-10-000-trafigura-says.html
Copper May Rise as ETPs Start Trading in London, Survey Shows
Dec. 10 (Bloomberg) -- Copper may rise as the first exchange-traded products in industrial metals heighten speculation of a metal shortage, a survey showed.
Ten of 16 analysts, investors and traders surveyed by Bloomberg, or 63 percent, said the metal will gain next week. Five predicted lower prices and one forecast little change. Copper for delivery in three months was up 2.8 percent for this week at $8,972 a metric ton at 3 p.m. yesterday on the London Metal Exchange.
Prices yesterday rose to a record $9,091 in London ahead of the launch of the exchange-traded products and as copper inventories tracked by the LME shrank further. ETF Securities Ltd. said Dec. 7 products backed by copper, nickel and tin will start trading on the London Stock Exchange today. JPMorgan Chase & Co. and BlackRock Inc. have also announced plans to start similar products holding industrial metals.
http://www.businessweek.com/news/2010-12-09/copper-may-rise-as-etps-start-trading-in-london-survey-shows.html