Replies to post #18717 on Colorado Goldfields Inc. (fka CGFI)

[overandout]

Thanks to all who responded to my post - I am glad that it was helpful.

I have been trying to get a handle on this stock/company ever since I took a small initial position. Like I said earlier, I am now up to 5 million shares all of it acquired at .0007.

IMO, absent any major positive operational factors or the price of gold going through the roof - and based on the current gold price of $1500+ - the upside for the price of CGFIA is likely around .03c.

If the above is realistic, a million shares could conceivably be worth $30,000 if the pieces fall in place. To be a millionaire owning CGFIA, one would likely need to own over 30 million shares. This is not as optimistic as some posters who see much greater potential but I believe it is realistic.

The huge unknown is the price of gold. If the price of gold goes up to $2,000, the impact on the share price could be exponential.

The big uncertainty remains the permit/opening of the mill - although some posters on this forum feel that it is imminent. I have decided not to add to my position until the company receives the go ahead to do so. At that point, I will likely triple my current position and do so with the full recognition that I will have to pay a higher price. I will continue to add to my position as the company proves itself.

The recent decline on heavy volume is mildly bothersome. I believe in the adage that price follows volume - and the volume during the decline was off the charts compared to the norm.

In summary, this stock certainly has potential if the pieces come together. The dilution that has taken place is a definite negative at least in terms of perception.

BTW, my level of membership does not allow me to respond to private messages although I can read them. Please keep this in mind if I don't respond to your pm.