Replies to post #66700 on Colorado Goldfields Inc. (fka CGFI)

[Zorax]

Maybe.

[Taking_Profits]

There are a couple of great $4.00 , $6.00 & $7.00 dollar stocks
Some may even pay dividends.

[1manband]

Is there any .0001 gold mining stocks out there with any potential?

Absolutely not. Not as legitimate mineral exploration companies, anyway. Perhaps as pump and dumps, but not actual mineral exploration companies.

Mineral exploration is not quick, and it isn't cheap. 99.99% of mineral properties are worthless. For the remainder, the average time it takes to develop a mine from discover is about 18 years. YEARS. That takes a lot of capital, and sub-penny funding won't cut it. Just to determine if a property has anything of value requires tens of millions of dollars, and that is before a mine can be built.

CGFI was a good example of that. They were never a legitimate exploration company. Just a sham from the start.