Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

Good point that if they meet projections convertible financing may not be negative. I havent looked at detail on the convertible terms but usually fairly standard that a discount is involved when converted. Key though is simply what are cash needs this year vs forecast of cash flow if they are leaving exploration stage. Seems a reasonable speculation if only because (a) gold price has remained high (b) management needs volume in stock to make money.