I don't think anyone knows what is going to happen here i don't think anyone has been in a deal as good as this a start up Metals and Milling company with nothing that made it thru the 2008 wall st crash...Now with a Billion Dollar Permit and a low float...A dream come true...Read this...CGFIA has received
approval of its Reclamation Permit Amendment (AM-03) Application for the
Company's Pride of the West Mill.
The Pride of the West Mill, near Silverton, Colorado is located within the
famous "San Juan Triangle" mining center of southwestern Colorado, which also
includes the historic mining towns of Telluride and Ouray, and encompasses one
of the most richly mineralized areas of North America. The mill has the
capability to process five metals: gold, silver, copper, lead, and zinc. The
mill has an ultimate capacity of 700 tons per day.
Colorado Goldfields has received over $9 million in preliminary purchase orders
for toll gold/silver ore milling in advance of the permit process completion
from gold/silver ore mines in the area, including: The Silver Wing, Red Arrow,
Golden Wonder, and Ruby Trust.
"This event materially transforms the Company. The approval has brought renewed
attention to the Company's acquisition plan. Inquiries have already been
received from several of the 23 mines within 25 miles of the mill, which have
confirmed viable ore concentrations representing an estimated $3 billion worth
of metals still in the ground. We believe that the Company is now in a position
to access meaningful capital funding on reasonable terms," stated C. Stephen
Guyer, CFO of Colorado Goldfields.
