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Wednesday, 09/14/2011 3:50:31 PM

Wednesday, September 14, 2011 3:50:31 PM

Post# of 67010
I know many of you are frustrated with the delay in the projected re-opening of the Pride of the West mill. Many of us longs (and a few shorts too) have seen our share's value slip. Almost every week I see someone post "It has been xx# of days since CGFIA's projected date to reopen the mill. What's taking so long? Why the delay? What are these guys doing? When is the next PR coming?"
I believe we got some solid answers from Ficoce's trip and his excellent video report. (nice work, wasn't it?) We get great intelligence reports from other members who are excellent in their research.
We are seeing real progress being made at CGFIA.
Now, I'm going to ask a few questions of my own, and hopefully, help us all keep ourselves grounded.

Has anyone here ever had an addition built on to their house, had an in ground pool installed in their yard, or their kitchen remodeled? How did that go for you? You probably did a good bit of work picking the best contractor you could find. Maybe you did the work yourself. You got a price estimate and scheduled plan for the work's completion. Everything goes fine, until the city inspectors get involved, or, you find out a key piece of the project is delayed because of a clerical error or shipping delay.

What I'm getting at is that we live in a real world, filled with uncertainty, where the best of plans and projections are subject to outside influences that no one can predict.
CGFIA is part of that real world. The project(s) they have tackled here is far from simple. It has turned into a nightmare of a bureaucratic entanglement that management has fought hard (for years) to overcome. Now we are 95% (or more) complete.
Many of CGFIA's detractors have tried to sow seeds of discontentment among shareholders for their own selfish reasons. So far they have failed.
We are down to the last few items and then, barring any unforeseen circumstances, the mill permit will be reinstated.
This will bring in an almost instantaneous source of income thru existing contracts for toll mining ore from surrounding mines. Although that is not the grand prize, it is a key piece to CGFIA's success. Mill permit will quiet the detractors and bolster confidence in the company (and share prices). After all, CGFIA will be an income producing operation with an almost unlimited growth potential thru it's mining leases. (I haven't even mentioned the possibility of a buy out by the bigger mining operators.)

I wish I could look into my magic crystal 8 ball and tell you that the permit is coming tomorrow, or next week. That would be one heck of an investment coup!
We do know the mill permit IS going to happen "soon". There are things going on that none of us know about. Some are great, I'm sure. Other possibilities are probably not so much. CGFIA has adapted to and overcome every obstacle placed in it's path. I have every reason to believe Mr Guyer and Mr. Rice will continue to do so and will build CGFIA into the company that they plan it to be.

Don't lose faith. The start of the mill is not far off. This is the time that the vultures start to circle looking for the easy pickings that they can cull out of the heard. Don't become vulture food.

Thanks for listening to my ramblings. I hope this restores and bolsters your faith in CGFIA.
GLTYA!

I just hang out here for the fun of it, that
doesn't mean I'm smart.

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