Replies to post #65957 on Colorado Goldfields Inc. (fka CGFI)

[1manband]

Hecla's San Juan project is not in production, and is not projected to be for about 5 years. They acquired it as an advanced-stage exploration project in 2008. That means that, assuming it does go into production, it will be a decade of work from when Hecla acquired it (there is that pesky decade timeframe again!) and about 18 years (there that is again, too!) since discovery. Right on the average.

And Hecla has substantially more business resources than CGFI does. CGFI is broke.

[sanbrunobaby]

1manband has presented a generally accurate picture of the long term nature of re-opening a mine in the current regulatory climate. The issue that a property owner "fees" this is not the case doesnt negate his observation which is backed up by trends dating back to the 90's and getting worse yearly for the industry.

Yes Hecla is operating in Colorado,and Hecla has some of the best narrow-vein underground miners in North America, and they have the financial resources. If they cant get their mine up in 2 years, why would anyone think CGFI could ? If someone has a logical and probable scenario for this happening I am sure everyone on this board would like to hear about.

As an investor/speculator, there is no speculation here about short term production potential. since I believe they are digging themselves a regulatory hole, the next reverse which they will do may be the last.