Colorado Goldfields Inc. (fka CGFI)

[lesgetrich]

Talking about a another reverse split at this point is nonsense and counterproductive. Not that it couldn't happen in a few years if things go sour, but right now you're assuming that the stock price can't recover to $.50 to $1.00 range once it starts producing revenue or that the mill won't open this year as planned. We won't have serious movement on the stock price until revenue is produced no matter how you split the shares. Once the company is a going concern and able to produce value they'll be able to attract new investors.

I'm still holding to my prediction of $2 to $5 per share within two years based on your worst case scenario of 200 million OS and on what we know today about the CGFI implementation plan, even with no reverse split (see post #61466). If we're closer to 100 million OS we could be at $5 to $10/share or more.