Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

The reclamation deposit is referred to in the 10k as an asset retirement obligation which is how I understand a reclamation deposit-i.e it is to reclaim the property once operations cease. Therefore I do not understand how it would be expected that these funds would be available to the company in the short term, and apparently accountants also agree because it is not a current asset on the balance sheet on the 10k.

I guess though there seems so much confidence that the company has funds to operate and to re-open the mill that management must have shown investors its ability to meet objectives in a timely manner, and somehow the cash needs of the company are minimal at this time.I admit I do not understand all this but guess have to wait for the next 10q to get a better grasp of all this or some sort of corporate update.Thanks for patiently answering my questions.