Colorado Goldfields Inc (fka CGFI)

[ficose]

Thanks anyway - poor summary.

I could almost see the gears turning as I read this post. After a little Googling it was found that there are three stages; Exploratory, Development, and Production. All are different stages. In Guide 7 Exploratory cannot show reserves, while Development must show reserves.

I think you figured this out and tried to make exploratory and Development stage the same thing and back peddled with:

The stage page exploration is development stage.

Is hard for me to tell though. The description of Development stage is spot on.

Hey, I realize you didn't write Guide 7 and I didn't write Guide 7. Realistically, the darn thing is over thirty years old and in need of an overhaul. There are steps being taken to change this.

Like I linked before, the SME is petitioning the SEC to update Guide 7 and catch up with the rest of the world. http://www.sec.gov/rules/petitions/2012/petn4-654.pdf

And they have Congressional support. http://www.sec.gov/comments/4-654/4654-1.pdf

This is from October. The wheels of the Federal Government turn really slowly. This means the time is right - right now - to input public opinion.

Think of it. You could literally influence the way a new Guide 7 is written and not have to again creatively write your way out of a hole on some old form the SEC has just never got around to updating.

With your posting skills the word could get out there and that's a big part of it. I'd help with the organization and know whose ears to tug. Let me know...