Replies to post #61497 on Colorado Goldfields Inc. (fka CGFI)

[Civicbird]

Thanks for that info, les. I just hope our share structure stays stable from this point on.(And I wonder if financing is already secured without the need to dilute further.....I would love to hear something on that front very soon) I don't want this to get out of hand again.....I hope this issue is behind us on a permanent basis. Spring is here in a tad above a month.....I would love to see our situation change drastically in that season as it relates to repairs, financing, etc so the mill is ready in early Summer.(I would love to see $1.00 as the tip of the iceberg, once the mill is established and hype & revenue hopefully exceed expectations) I wonder what our total worth, with assays, is.

[sanbrunobaby]

IMO share count will get to 150 to 200 million this year. I base this on the existing convertibles, and what I believe is a logical estimate that a company going into production and having payments on acquisitions ( which probably will be negotiated), the mill, etc etc. will need at least as much as last year , $400,000 some, to get through the year, plus roughly $.02 share price on average.

However why would a billion shares not be possible if (a) share price decliens below $.01 (b) cash requirements higher than $400,000 (c) delays in mill re-opening or more permitting issues arise, etc etc. Based on companys track record it would seem this is a possibility though I dont think probable yet. So what ? This is a speculative stock betting that CFO can pull this maybe more shares outstanding will provdie mroe leverage to average down before the mill opens.