Colorado Goldfields Inc. (fka CGFI)

[MarkieMoo]

I am optimistic about CGFIA but from what I have read for them to start ore processing in August is unrealistic. Keep in mind they have to have the MTR and Clearspan building in place and cleared by the DRMS and the building inspector. According to Clearspan it takes around two weeks to construct this building. CGFIA has to build a concrete foundation to anchor the building. Details still need to be worked out with the engineer they are using. I would not expect the MTR to be complete and ready for use until Oct. at the earliest. They also have to get the mill itself in ready mode. Whether they can get any ore processing in this year, I don't know. For now I think we just need to be happy with permit approval and maybe the merger the end of Aug. for any affect on our pps.

Realize that almost any other junior miner would have given up by now rather than deal with this government red tape. Guyer has managed to keep this going despite having a limited budget. Barring a surprise we should see permit approval come Aug. 8.