Colorado Goldfields Inc (fka CGFI)

[sanbrunobaby]

Thank you for the excellent summary of issues about the feasibility report issue and SEC Guide 7.

The company persists in portraying itself as a near term producer, yet (a) the financing requirements they have now released seem beyond its ability to meet (b) and the mystery of where ore will come from continues (c) even under the best of circumstances they are years away from a production decision.

I have to assume management is aware of all this - thus they are fully responsible for anyone losing money because of representations the company was a near-term producer, not following SEC Guide 7 disclosure guidelines, and any non-disclosure of related party share transactions.

They have finally released some CAPEX figures, time for the mystery of where the ore may come from in 16 months to be disclosed !It is one thing to make a projection based upon reasonable calculations, another based on improbable scenarios management must be aware of in my opinion.