Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

Nice to see confidence in management from someone who has been following the stock for two years.

So looking at cash flow statements included in the 10k company requires $400,000 + in operating cash flow per year, and if they need $1 million for start up costs, then $1.4 million in cash needed. At $.10 stock price that would only be 14 million shares, 28 million if at $.05. Add in the effect of convertible note conversions, I would still estimate they would end up at 100 million shares by fall. Still not bad if they are going into production as is forecast, or if they do exploration and establish resources/mineralized material on the project. Didnt look at property payments due in 2013, does anyone know what property or debt payments beyond the current liabilities due ?