Replies to post #62701 on Colorado Goldfields Inc. (fka CGFI)

[p1928]

I did not say the SEC or accounting reasons would prevent the purchase; the question is, what will be the balance sheet impact value for the cash outlay of $3 Million?

10K disclosure seems to indicate Fearn paid $80K for the property which is all the prior owner thought it was worth. Others on this board think the property is worth $Billions which makes the $3 Million purchase an unbelieveable value. Someone must set a value and justify it.