Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

I think you have simply been mislead by the press releases- the value of the assets in the ground depends on many factors, not least cost of extraction and CAPEX required. Without that information you cant assign a value to the "assets" in the ground.That is one of reasons regulators will jump all over this company if its disclosures get reviewed- and shows how inept and inexperienced this CFO is for this market sector.

As far as reason for reverse since they still had unissued shares,guess we will find out some day.

I have a question, how is it that no matter how improbable the scenario this company presents, some people still seem to believe their projections ?