Colorado Goldfields Inc. (fka CGFI)

[lesgetrich]

Based on a subjective eyeballing of the volumes and average selling price since the last 10Q I'd have to estimate that CGFI has raised at least $400k (maybe more). I'm sure it's all going towards advancing the business plan but it's hard to say what's been paid for and what requirements remain. We'll see on the next 10Q but as I've said before, even with 200 million OS we could still expect a pps of $2 to $5 per share once the mill is producing revenue at full capacity. That doesn't count any profits from mining or the value attached to proven reserves.