Replies to post #8045 on Colorado Goldfields Inc. (fka CGFI)

[Burkhard]

OF THE MANY INQUIRIES RECEIVED, ONE U.S.-BASED INVESTOR GROUP will be making a site visit at the end of April. This group intends to begin mining operations north of Ouray this summer. As part of an Alliance presently in formation with the Company and the investor group, between $500,000 and $700,000 will be deployed for facilities improvements directed toward the tailings ponds, electrical upgrades, and new drainage excavation. That will greatly accelerate the re-activation project.
http://www.cologold.com/investors.htm

Question isn't if they have a messily $60,000. Question is can these funds they already have be used for bonding and will they be ordered to pay it?

IMO This is a very small item on the agenda and will be settled in a matter of minutes.

Sieg