Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

What financing are you thinking that wouldn't cause dilution ? As discussed previously no bank will provide them working capital or term loans; they cant get smelter contract without showing steady ability to produce which they cant; regular private placement at these prices would require similar discounts if not more and with DTC chill most invesors would shy away.That leaves convertible financing by a firm that has access to institutional or offshore broker/clearing facility.

It really doesnt matter whether they get the permit or not at this point, they indicate they need $3 million to re-activate mill which is unlikely to be secured. Let alone whether they even have ore to mill.