The problem about making even a ball park forecast with a mine re-opening is (a) the wild card of permitting (b) one needs sufficient information which simply we dont have (c) certain steps need to be followed along the path to a production decision.
In this case the company is at pre early stage status as a "exploration" company if one could call it that. They have a mill which cannot be operated yet, they have some sort of option on mines, and based on old information they have made some estimates of resources.
-A few months is out of the question, no one with any experience investing in pre-production plays or actual mining experience would hold this view.
-Two years is also unlikely for all the reasons posted.
- 10 years ? this wouldnt be out of line as a forecast according to what is happening in the industry.
Two things stand out : first, a lot more drilling and underground evaluation is required, normally with this situation I would expect two work seasons minimum to even consider a production decision- and that is assuming everything goes like clockwork. Even then funding needs to be raised which they themselves have quoted at $11 million. second, does the financial position of the company show promise that funding can be raised within the next 6 months for a serious drilling and underground work program.I do not believe they will even start a serious program in the next 6 let alone 12 months.
It seems unlikely under current management CGFIwill ever produce from their ownmines within the next 5 years in my opinion.
