Replies to post #39490 on Colorado Goldfields Inc (fka CGFI)

[RKYMNT4]

The former owner is Steve Fearn who is also coo of Cgfi. Think he's gonna foreclose?

[M_T_Pockets]

P, do you know who the owner of the mill is? It is the new COO of CGFIA. I do not think it is his interest to foreclose on the mill at this time.
As far as the environmental burdens on the mill, the DRMS is the governing agency for those items. SEC filings would not mention them, except for the financial bond paid to the DRMS.
When the bond is returned it will also be noted on the SEC filings.

I hope that clears up your confusion.

[567tbd]

Hi p, The Bond to the DRMS is the Payment for all Reclamation costs of the Tailings Ponds. Construction companies are used to issuing bonds and having payment withheld for up to a year. This would be the case here as well. No risk for contractors, as the money is held in a Bond.

567

GL

[567tbd]

Hi p, I wouldn't worry about the mill payment 3 1/2 months from now. CGFIAs PPS will be quite a bit higher than it is now. With;

-1)The Mill Amendment is Filed and Mill Permit about to be Approved/C&D Removed

2)The Assay Result Reports for the Brooklyn and King Solomon Mines are Issued.

3)The NI 43-101 For the Uranium Claims is Reported.

4)The Merger with American Sierra Gold is Completed and their 100% undivided interest in six mineral claims in the Adams Ridge area of British Columbia, Canada (“Adams Ridge Claims”) totaling approximately 2,479 hectares, Go onto CGFIAs Asset Books.

5)CGFIA Uplists to the OTCBB

6)CGFIA is DTCC Eligible Completely

7)The $200M Silver Wing Mine is Added to the Previous 6

Many things are in the works...So;

@ 0001 =11B shares
@0002 = 5.5B shares
@0004 = 2.75B shares
@0008 = 1.3B shares
@0016 = 687 Million shares

567

GL

You get the point...........

[Optimiss]

It IS paid for. Do your DD.