Colorado Goldfields Inc (fka CGFI)

[p1928]

Check your DD. The Mill is not an asset on CGFIA balance sheet because they do not own it. All they have is a mortgage and it is due and payable July 1, 2012. To keep the Mill they must come up with about $1.1 Million. For CGFIA to raise that kind of money they will need to print and sell another 10 Billion shares.

Sure the Mill used to work at one time. But now it is burdened with the cost of environmental cleanup and installing a new process (if approved); and with no guaranteed customers yet.