Replies to post #61376 on Colorado Goldfields Inc. (fka CGFI)

[lesgetrich]

Hi Bruno,

I wasn't trying to be exact. Just a rough estimate based on about an $85k balance on the Q. The discounts range from 30% to 50%. Ten million shares at .015 pps gets you $150,000. I figure that should more than cover it. Point is 10 million shares give or take is not that much.

Nevertheless, I agree with your other point that unless there is new news we won't see much change in the pps. Right now people are just speculating but see a bargain around this level under the assumption that the price will go up when the mill produces revenue. Maybe if they can price in the asset value of the Silver Wing or any of the other properties based on the NI 43-101's we might see some earlier movement.