Replies to post #60367 on Colorado Goldfields Inc. (fka CGFI)

[lesgetrich]

There have been reserve estimates based on older surveys that total about $800 million on all of the properties but the SEC requires that certain conditions be met (I believe one is that the ore can be profitably extracted) before such estimates are included on their reports. These requirements either haven't yet been met or perhaps management is holding back their timing to have maximum impact on the stock price at a later date when the mill is closer to activation.

Other may have more info on the SEC conditions.

Les

[sanbrunobaby]

Some simple answers would do wonders for this stock, and set it apart from others in this sector.Why be afraid of letting stockholders know the basics ? Everyone knows that a stock that just did a 5000 to 1 reverse, relying on convertible financing,etc etc is speculative and has to pull off quite a financing to achieve its goals- so why not bite the bullet and let the market know ? As I wrote I would buy much more stock if management would just let us know the basic information- whether they need to raise $2 milion or $8 million,a simple scoping study on potential economics well presented by the company even if delas production forecast into 2014 could actually result in a much higher stock price.

Starting production without establishing reserves carries a higher risk, but sometimes ( like Endeavor in its early days) it can pay off.

And all these orders they have indicated they have in hand- are those customers ready to ship ? Do they have permits,working capital and personnel ?

Any advice on these matters well appreciated.Maybe I am off base but I just have no grasp from their public filings of how much money they need to produce by fall and how they project receiving,nor whether their projections are up to date.