Replies to post #19193 on Colorado Goldfields Inc. (fka CGFI)

[M_T_Pockets]

AU-SLV, This is a complex question, so there is no quick answer that would make any sense without explanation. So get ready for an extended answer!
I can't speak to the warrants, someone a little smarter or more informed in that area will have to help us with that.

As far as production goes, as you know the mill permit is the biggest question mark in the equation. But, for discussion purposes, let's start a time line based on that as the starting point.
So, mill approval, day one. The next major part to production start up is electrical power. The transformers in the sub-station need to be replaced. (they were removed or stolen) This is a relatively costly item, but totally doable. I would say they need 2 weeks to get that accomplished.
The production equipment in the plant is in good shape. It has been well maintained and probably only needs minor repairs. I would say this and any other items needed can be done during the same time as the transformers. But, let's add a week or so just to be conservative.
Procurement of additional process equipment may be needed. (earth moving items, or supplies) I think these things can also be done during that 3-4 week time frame.
There are plenty of mines and used equipment available in the area, so I don't think any of these items will be difficult to get.
The key items I see are cash and labor. Cash, I assume can be obtained with a line of credit. Guyer should have that one up his sleeve now, if not shortly. He's a smart guy and should see this need coming up.

How fast can they get an efficient repair/start up crew on site, and how fast can they get the mill manned for production? I would say it would take 2 weeks to find & hire the necessary labor.
So, where are we on time? I would guess from mill approval to relatively full scale production will take 2 months. That would be for the toll milling operation.
Revenue should be seen within 3 months from mill approval.
I know that may seem like a long time, but it is a realistic time scale for a factory start up.

Realize that I am taking some guesses on quite a few things here, so this whole time line is a wild a$$ guess. However, I do have experience in production systems and manufacturing start ups. (I worked in industrial process design for many years) Also, some of the repair work is probably being planned and done right now.

I hope that gives you an idea of what we are facing here. It doesn't scare me. In fact, just the opposite. As long as we get movement on the mill approval relatively soon, this operation looks very promising!