Colorado Goldfields Inc. (fka CGFI)

[LoniBee]

Retirement of shares would

definitely change the MC situation.
The problem for CGFIA is that share and Debt structure make the retirement scenario unlikely. If (hopefully when) the Mill receives approval, the shares that have been sold over the years to achieve that goal are of low priority. Any income produced would predominantly be needed to pay numerous outstanding debts accrued along the way. Not to mention debt to facilitate production.
Share retirement, aka buyback,at best would be considerably down the road.

If everything were to PROCEED POSITIVELY, I see a pps of .001 to .003 under the best of circumstances(excluding a dreaded R/S). To expect more is unrealistic.
And to those who allude to reserves in the ground, that value is elusive. Whats in the ground has attached costs. It does not add the value that some think.

Please dont misunderstand what Im saying. I would LOVE to see $.001 or better. The ONLY thing that can do that is a permit.

glta