Colorado Goldfields Inc. (fka CGFI)

[richard617]

Politics at the Fed level aside...

...the truth about why there is a delay is simple. Colorado Goldfields needs to make improvements to a tailing pond or they will definitely not get approval from the State of Colorado to complete refurbishing the mill. Best to do this now before it starts getting cold. There's no point in going through the approval process prior to getting this done. Doing so would only lead to a rejection from the State followed by even longer delays.

Granted, the economy sucks. But the product CGFI is trying to put on the street is GOLD. Imagine that... $1,200 per OZ. Even the real Josey Wales knew the value of GOLD!

I bet CGFI would kill for the opportunity to complain about how much they have to pay in taxes. But there has to be some income before that can happen. The delay is in no way related to the cost of doing business. CGFI is only trying to make it right so they can bring product to market!