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Re: Huntewr7 post# 25275

Tuesday, 09/27/2011 10:36:58 AM

Tuesday, September 27, 2011 10:36:58 AM

Post# of 67010
Huntewr7, That is a very good question. I haven't considered expansion. I guess I look at the present situation and think "lets get what we have operating first".
However, this is a case of many "Ifs".
If the DRMS is content with the dry stack method and are resonantly certain it is a sound method for dealing with the tailings, then I see no reason why the mill can't be expanded. Remember, dry stacking, although done in other parts of the world, is a new concept for Colorado. CGFIA will have a lot to prove, with this method, "politically".

Pride of the west mill is a relative high capacity mill. If CGFIA hits that capacity, even in a "toll" capacity, then profitability is relatively certain.

I understand your curiosity in expansion. I can't tell for certain if it is would be allowable.

I am increasing my investment in CGFIA as we post. I believe that present prices are an opportunity I can't pass up.
This is all just my humble opinion, buy I still believe in the soundness of the company, from a process viewpoint.
GLTYA, and invest wisely. We may not get this opportunity again.

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

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