Replies to post #60546 on Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

All mining companies struggle with getting permits these days so no surprize, but that is only one hurdle company has to go through.

I am completely mystified by discussion of a bank lending money when permit granted, mill seems encumbered to original owner, and if I read 10k correctly there is already a second on the mill.So if no cash flow, no feasibility report, no estanlished reserves, what would bank lend against.

The fact company is signing deals without cash already arranged is not untypical for small mining company.

I havent followed company long enough to judge,but key is whether current management shows a track record of being able to meet their own projections,and whether they have ability to raise the keu funding they need in this critical year.

However if they can pull it off this year, my own projection is 2014 could be a stellar year. If they are a bit more conservative in projections, or support aggressive projections, it would help in my opinion.

Thanks to everyone who answered my posts, been a good learning experience.