Just trying to make a buck or two!
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Yeah, but I now know you type faster than I do, or at least compose messages way faster than I do!
I started to write my post before you posted yours. Since I'm using my cell phone, it took me a little longer to post than usual,(and didn't see yours till I posted mine) but you still beat my post by at least 30 minutes.
It's like this, AK, you are quick and smart, I'm slower and simpler!
Hey the pictures Optimiss posted showed some nice work at the mill.
It's good to see the ponds going away.
If they can beat the frost for the clear span footings, I'll be a very happy investor!
It's good to have a local "spy" to keep us informed. Buy Optimiss an extra drink from me when you see her. She deserves the best for the extra effort with the pictures.
I have been working on the new Grog recipe, but unfortunately I have also been painting some rooms in the house. I think I may have spilled some paint in the latest batch. (It gives it a nice rust colored hue!)
I'm not sure I can repeat the recipe. I tested it too much before I wrote it down!
Oh well, back to the laboratory to start again.
My pleasure! I like to put things in terms most people can relate to. (It is just the way my brain thinks.)
The mines' value is the wildcard.
It should be a real boost to the overall base value of the stock price.
Of course the mining and milling production rate of precious metals will be the final deciding factor.
GLTY!
$CGFID...A!
Hi 1forall,
Good question. I can't say for sure, but I believe the $16+mm includes the "market value" of the mines.
I say this because the value of the mill is estimated at $11 million, according to the 10Q.
Now we have to deal with the definition of "Market Value", particularly as it relates to the mines.
"Market Value" is the price a buyer would be willing to pay, at an "arms length relationship", for any particular asset. (In other words what a stranger would price the fair value of an asset, and he would be willing to pay that amount on an open market.)
Since the mines have no assays, or industry standard tests, to prove what estimated precious metals are contained in the mines at this time, the price anyone would reasonably be willing to pay for the mines is considerably less than what their potential value is.
When CGFI has assay results to prove the mine's content value, the market value will be much higher.
Now this should not be confused with the "market capitalization" which is determined by the price of a share of stock multiplied by the Outstanding Shares. (O/S)
To directly answer your question, yes your math is correct:
The price of "one share of stock should be $16.6 MM / 5.7 shares, or close to $3?"
That is the current projected market value of a single share if stock, based on the sum of all the current assets' value.
It gets a bit confusing when dealing with the different figures.
This is a situation where, in my opinion, the sum of the parts is not equal to the whole, it is worth more.
But there is a few small parts that are still in progress. The mill is still "under repair" and the tailings repository is still not fully approved, or built.
These items discount the market value. (Like buying a used car that needs a new set of tires, a tune up and a paint job.)
I hope this gives you the information you were looking for.
A little time and I believe the $3 will be outpaced by the market cap, based on a working mill alone. Then the assay results will start to add value to the company and the PPS.
$CGFID
NV, I do not have any particular knowledge beyond what I read. That is why I used the word "surmise".
However, any entity who is starting the process of building a mill from the ground up, as you suggest in your post, will face the same or more obstacles than CGFI did. I believe they would be years from having a working mill. (Look how difficult it was for CGFI to reopen an existing mill.)
During this period there exists the opportunity for owners to mine and outsource the milling to CGFI. It makes economic sense to do this.
Also consider financing. As we have seen with CGFI, financing for a non-income producing operation is much more difficult, (and expensive), to obtain than for a working mine that is looking to expand. Having a source of income while building the mill would be a distinct advantage to any mine.
Furthermore, there are dozens of mines within a workable distance that would find it more economical to outsource their milling, not being interested in incurring the expense of their own mill. It is these mines that CGFI would be of service to.
Since the POW is not ready to accept ore for milling, mines do not have to presently be in the process of "ramping up" to begin mining at this point. And, as you have pointed out, there is a year or more of milling available from CGFI's own mines.
In CGFI's case it would be a poor management team who would sit on the sidelines and let one of the richest sources of ore in the state lay fallow while the opportunity exists to lease the rights to any of the many mines available, if their mill has the excess capacity. CGFI could have their pick of the richest deposits to lease. It is a matter of negotiating a lease with the existing owner.
I would also surmise that there are already talks with mine owners to lease their rights in the future. But that is just my opinion.
FYI, my Scottrade account now shows the new share count for CGFID.
That didn't take as long as I expected!
$CGFID
I like MAXM's ask, $200 per share!!
Wouldn't that be nice if it were realistic?
$CGFID
I would surmise that's when the "custom milling" comes into play.
With so many independent mines within a short drive, more contracts like the $9 million CGFI already has would be the way to keep the POW mill running on a full time basis.
I would also suspect that additional leases are in the plans for CGFI's business model. Any "extra" time in the operating schedule can be used to mill other source's ore.
JMHO, but that is what makes POW a great potential, the ability to pick up outside work from other mines.
$CGFID (soon to be back to CGFIA)
Intuitive analysis and post. Thanks for your breakdown of today's trades!
GLTA!
$CFFID
LOL! We all could, but for the most part, LOL! the information shared here is better LOL! than what you can get from a broker. LOL!
Sometimes it is ignored, LOL! and the reasons are unknown. LOL! That is when paying for the information will make it seem more "legitimate" LOL! by those who ignore the shared DD. LOL!
This is a highly informed group we have here on this board. Sources of information regarding CGFI and investing in general are verified and cross checked when shared. Beyond that it is up to the individual investor to research the data if they can't or won't accept it as accurate. In actuality it is one's own duty to research the stock for themselves.
You did a substantial amount of research, Kuni. I know of no one else who actually read all the DRMS files regarding CGFI.
When a post requests information that has been provided multiple LOL! times in the recent past LOL! it poses the question LOL! regarding the serious nature of the request, LOL! or is the post just clowning around? LOL! (JMHO) LOL!
Thanks for all your research, Kuni. It is and always has been greatly appreciated by most who visit this board.
GLTA!
$CGFID <(got to get used to that "D" for now! The "A" will return soon.) LOL!
Name your gold nugget "Chunky", "M"T is the type of name a nugget regrets for the rest of his existence.
$CGFID
Check with your broker. You seem to have trouble believing what the SEC tells us, maybe you will believe him.
You are way off on your assumption.
$CGFID
Yeah, Grizz, As "Bubba" Clinton said at the DNC last week: "ARITHMETIC!."
(No political endorsements are inferred by the "Bubba" reference, not are any parties political or otherwise supported or criticized by the reference!
The author only supports simple mathematics in calculating future value of stock worth.)
Dang, gotta CYA with just about any statement anymore!
I need another Grog!
$CGFID
1 million shares would be 18%+/- of the O/S, or about 24% of the float.
I think it would be difficult to find that many shares available on the street right now. Even if you could find that many shares, a 1MM share buy would drive the price up VERY fast.
This stock has a potential for triple digits in the long hold. It would probably split before then.
When running at full capacity, the POW mill has the capability of 750 tons per day.
We have preliminary figures that put the ore from the Brooklyn mine at 1.3 oz per ton. That is 975 oz of gold per day.
Let's be conservative and say gold is at $1300 after expenses of recovery. That puts the mill at over $1.2 million per day!!
Round that to $1 million for overhead and debt.
5 days per week times $1MM per day and you have about $1 per share PER WEEK!! That is $260 per share per year.
And that is ONLY THE GOLD!!!
With the Copper, SILVER, & Zinc, it will only add to the total.
Now again, that is only ONE MINE!!! (We have leases on a few more.)
A buck a share is not even chicken feed, it is chicken droppings!!
Long term, 1 year or more, this stock has astronomical potential.
Buy and hold. You will be happy you did.
All the info I used in my calculations is available on the ColoGold web page. Check it out.
GLTYA!
$CGFID
I'm sure I speak for us all here when I say that both you and Elaine will be in our prayers often.
Stay strong for her and yourself. God willing things will work out well.
MT & the rest of the "Crew"
You are right Flippy2. Right now we are like the monkey on the rocket ship, nothing to do but press a button and get a banana chip.
When the mill gets up and running, $1.00 will be well behind us.
I think we will have a couple of zeroes added to that, at least.
If the O/S stays the same and the mill is valued at $500K (conservative figure) then the PPS should be over $75.
What will the mines add? We gotta wait for the assay reports.
But this waiting should be fun, not the nail biter like with the DRMS we had.
GLTA!
$CGFID
Try looking it up under the CGFID ticker. Scottrade is showing CGFIA# as an invalid stock symbol, and CGFID as a valid one, with a bid @ .52, and ask @1.01.
Things may be a little messed up for a few days, but the important thing is how fast this has gone through. We now have a stock that is up 4% today so far, and who knows where it will go from here. Hopefully this is a trend that will continue and will get stronger as soon as the brokers get the accounts settled.
(Yeah, I'm an optimist, but aren't we penny stock investors all optimists?)
GLTA!
$CGFID
CGFID is temporary. I'm not sure if the ticker will change or not. I believe it will stay the same, but you can never tell.
$CGFID
And the iHub board controls approximately 1.5 million shares.
I'll run a new survey soon to get a post split number.
Not a bad % for approximately 170 investors.
$CGFID
I would rather have a bottle in front of me than a frontal lobotomy, even if it is virtual!!
Hey MrMr1, you get the lucky post today, 5 5's!! (#55555) The prize is 5 Mugs of virtual Grog!!
Good luck to all on this big day for $CGFID!!
It should take a little extra time since this will be an "on book" exchange.
The actual physical certificates from CGFIA will need to be exchanged for the new CGFID ones.
If your broker holds your shares, don't worry, you won't have to do anything. The broker will take care of the exchange for you.
I think your #1 & #2 wishes will happen. If so, #3 should follow accordingly.
GOOD LUCK TO ALL!!
$CGFID!!
I agree, timing is very important. If some of this information were released before the split, it would have made very little difference in the overall position of the company.
With a new financing schedule and progress on the mill, that same information will help build the share value and the PPS.
"Time is Money" in more ways than one.
(Just wondering, PNYSTKB, did you get hit by the monsoons today? We got clobbered pretty hard in the south part of the valley.)
Darn, now don't start using metric measurements, I'll be totally confused!!
I fully understand, MM! I thought seriously about doing the same thing you did.
You have more invested in CFGI than I do. I decided to just hold what I have because only 25% of my shares were bought at low (.0002 - .0001) prices.
So now I'm trying to accumulate some extra cash to buy more if the price dips.
We both need to be agile in case the price moves in a favorable direction.
We think along the same lines, I just needed a slightly different tactic because of my averaged share price.
We will both do well on this, MM!
Grog IS liquid, unless you forget to refrigerate it!!
I have tried to keep a running total of the shares that people have said they sold. I don't think we will go over the 500 million. But just in case, we can lose 800 million before we drop below the 7 billion mark.
I know most of the sellers are hedging against a price drop after the split, so I expect the percentage of the float we control to equalize afterward. (Although it may take a bit of time, depending on the PPS)
We may all be surprised in the next several weeks by ColoGold.
I expect another bold move by Mr. Guyer. JMHO
True! Manual calculations were tedious, but I never expected the response that we got from all the board members.
We have a great group of people here, willing to share information and DD.
Now we can use the surveys to collect some useful information for the up coming progress and advancement of Colorado Gold.
We may not be 100% accurate, but we will at least have an order of magnitude figure to help our decisions.
Good to hear you survived the incident. It would be a real bitch to finally see a return from Colorado Gold and not be able to enjoy it.
Listen to the doctors, and get well ASAP.
Armada Update:
Although this will not be an accurate figure since we do not know how many shares of CGFIA were sold in preparation for the R/S, the additional shares reported has brought the total up to 7,843,580,607.
I believe the increase will offset the sales and we should stay above the 7 billion mark. (That is about where we were when the R/S was announced.)
This would equate to approximately 1,568,716 shares (Plus about 180 shares for fractional increases. That is the approximate number of individuals who responded to the survey, figuring one additional share per person.)
In a few days I will start another survey so we can learn how much of the float the CGFID board controls.
GOOD LUCK TO ALL CGFID INVESTORS!!
$CGFID $CGFIA
I'm enjoying my pre-hibernation nap!!
With only the last few items to be done before restarting the POW mill, my "winter's nap" may be interrupted by the sound or heavy equipment and crushing rocks!!
Aaahh! The sweet sound of collecting precious metals!
$CGFIA
About half my shares came from casino winnings. Every time I left the casino with 3 or 4 hundred bucks extra in my pocket, I put half into my CGFIA stock fund.
I'm not going to talk about my losses, but the balance is definitely in my favor.
I'm just a nickel slot player, strictly small bets for me.
Do you have a link to part 2, Shy? I searched but couldn't find it.
So far this is a pretty interesting report. Makes the Silverwing mine a bigger potential asset. $300 million may be way off as an estimate, if the logic in the video is sound. (and I don't see why it isn't!)
TIA!
$CGFIA
Just as a side note, I would be happy to run another CGFIA survey as soon as we can. I'm just a bit concerned that, right now, the numbers are still in flux and would not reflect an accurate count.
I believe the time when trading is curtailed during the stock swap may be the closest we can get to a "freeze frame" snapshot of the Armada holdings. Trading will be limited, and we could ask what the respondent's intentions are, hold, sell (partial sell) or buy?
I'm open to suggestions, but I may be limited in the form of the question by the software.
I think an accurate figure would be very helpful to us all. Knowing an accurate % of the new CGFID float we control would give us all better planing tools for the future course of our positions.
Let me know what information you think we may make the most of.
$CGFIA
Aye, Skipper! I'll run a new survey as soon as the effective date arrives. We will have a new "inventory" figure then.
I understand at least ONE stowaway went overboard, but they held no shares to effect the count. Please check the keel to make sure he isn't hanging on to the barnacles!!
Where are the sharks when you need them??
$CGFIA
I have no idea, RKY.
I think we will need to wait till we run the post restructuring survey to find out.
$CGFIA
Now don't try confusing me, Ops Man!!
Until the restructure is official, Im sticking to the old school way of keeping track, even if I need to borrow some extra people's fingers and toes to count them on!!
$CGFIA
Hey KZ!
The link to the CGFIA "Armada" is still the same:
https://www.surveymonkey.com/s/XZS5C33
and just to update everyone, the total share count is now at 7.6 billion shares.
$CGFIA
If you get an answer to that question, nagoya1, maybe we can apply it to our other gold mine, too?
Seems to be a pattern with the gold exploration companies. I could understand it if PCFG were doing "hard rock mining" and were "down in the shaft" where our questions and internet don't reach. But how about checking in during lunch time when the bulldozers are shut down?
"The Silence is Deafening".... I understand what that means now!!
I'm just venting, I'm still holding, maybe even buying if the budget allows. I'm still a believer in PCFG, just getting a little impatient.
$PCFG
I think JL and Sgt. Schultz have it right... "I know nothing, NOTHING!"
I'm going back down to the tunnel now Col. Hogan!!
Bigger, not bitter, my fat fingers and too much enthusiasm!