Colorado Goldfields Inc. (fka CGFI)

[M_T_Pockets]

Just remember....... Cgi 'leases' the mill and property with a mortgage-you don't own until paid off, only a mention of an option on the silver wing at this time.

Wow, Kitt, you scored a hat trick, 3 erroneous statements in one post!

First: The POW mill is owned. Check the quarterly statement and you will see. There is no "lease" involved, it is a mortgage. You can't mortgage something that you do not own.

Second: By legal definition, "When a borrower who owns or is acquiring property gives the lender a deed of trust, that document gives the lender ownership of the mortgaged property which serves as collateral for payment of the debt and for compliance with the other obligations which the borrower agrees to in the Note". Your idea that "you don't own until paid off" is just wrong.

You can read all about how the law views ownership and mortgages here:
http://www.avvo.com/legal-guides/ugc/what-is-a-mortgage-basics

In addition, "If the borrower defaults in any of the Note terms, the lender can commence judicial foreclosure.” That means you have to take legal action to get the ownership back.

Third: You obviously do not understand the value of the option on the Silverwing mine, or you would not dismiss it so quickly. The option gives CGFI the right to buy or lease the mineral rights at a time of CGFI's choosing, for an already agreed upon price. (No one can buy it out from under them.) In addition, the option gives CGFI the ability to verify the assay information, all at a relatviely inexpensive price.

You have claimed in the past, and you do so here again, that "Cgi doesn't own anything". That is blatently wrong. I know you wish it were true, but wishing does not make it so.
Sorry Kitt, but you missed this one by a mile.
CGFIA