Colorado Goldfields Announces Analyst Coverage by Cohen Research and Grass Roots Research and Distribution, Inc.; 54-Page Ana...
July 16 2013 - 8:30AM
Marketwired
Colorado Goldfields Inc. (OTCQB: CGFI) is pleased to announce the
completion of a detailed report on the Company authored by Paul
Cohen of Cohen Research and Grass Roots Research and Distribution,
Inc. The full report may be found at the following link.
http://www.cologold.com/CGFI_Grass_Roots_Research_Report.pdf
An excerpt from the report states:
"Key drivers for growth include: scalable business model,
experienced management team, attractive asset portfolio, healthy
financial position and favorable industry dynamics. Our financial
forecasts, based on management estimates, project the Company to
start generating revenues from fiscal year ending August 31, 2015.
Management estimates revenue to grow from $17.1 million in FYE 2015
to approximately $43.1 million by FYE 2019. Based on these
projections and provided that the Company raises $11.0 million in
capital, which will fully fund all mineral rights in the Champion
and Silver Wing Mines, the Cohen Target Price is 1250.0% higher
than the current price.
"The Cohen Price Index Target is calculated using 2015
Price-to-Earnings ratio (P/E), Cohen Price-to-Capital Employed
ratio (P/CE), Cohen Discounted Cash Flow (DCF) method and Cohen
Price Performance Index. The P/E and P/CE are based on market
multiples and representative of the broader industry in which the
Company operates. The Cohen Price Performance Index is a
representative of the post coverage performance of all stocks
covered by us. The last component in calculating the Cohen Price
Index Target is the value derived using the long-term DCF valuation
approach.
"Based on an average of these methods, CGFI common stock is
valued at $0.94 per share, 1250.0% higher than current market price
of $0.07. The stock is an appealing short-term trade and
potentially a long-term investment."
About Grass Roots Research and Distribution,
Inc: Grass Roots Research and Distribution, Inc. is an
Investor Relations firm focused on Investor Awareness programs for
its clients. Our firm is the Investor Awareness Industry's Research
Firm of Choice. We distribute in depth-customized research reports
(commercial advertisements) from selectively commissioned and
carefully chosen outside analysts who are experts in their
industries. We also distribute other relevant material and create
marketing campaigns for corporate products and services. Many
consider us to be nation's leading micro cap/small cap research
firm in the USA. Over the years, Grass Roots Research and Cohen
Research have researched more than 350 companies.
Cohen Research and Grass Roots Research reports are the
worldwide Gold Standard of the micro-cap/small cap industry. Most
research reports include 5 year, three statement (IS, BS, CF)
forecasting in 3 cases, Base, Optimistic and Pessimistic cases,
creating The Cohen Price Targetâ„¢, and valuations for each company
researched.
About Colorado Goldfields Inc. Colorado
Goldfields Inc. (OTCQB: CGFI) (http://www.cologold.com) is a
Denver-based junior exploration and mining company primarily
exploring for gold and silver. Our seasoned management team targets
historic gold camps with strong potential for multiple deposit
discoveries. Currently, our business model in Colorado provides an
outstanding combination of former producing properties with
excellent exploration and production potential and a currently
inactive, modern, up to 700 ton per day capacity mill facility to
allow for an attractive short-term production time frame. A 3D
animation showing ore processing may be viewed on the Company's
website at: http://www.cologold.com/prideofthewest.htm. A video
tour of the Pride of the West Mill may be viewed at:
http://www.cologold.com/uploads/2009-05-14_Mill.wmv
The Company has made available a current CGFI Fact Sheet in PDF
format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking
statements This news release may contain forward-looking
statements or information within the meaning of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements or information includes statements regarding the
expectations and beliefs of management. Forward-looking statements
or information include, but are not limited to, statements or
information with respect to known or unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements or information. Forward-looking
statements or information are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
from those reflected in the forward-looking statements or
information, including, without limitation, risks and uncertainties
relating to obtaining financing to meet the Company's exploration
program and operating costs during its exploratory stage, the
interpretation of exploration results and the estimation of mineral
resources and reserves, the geology, grade and continuity of
mineral deposits, the possibility that future exploration,
development or mining results will not be consistent with the
Company's expectations, accidents, equipment breakdowns, title
matters, or other unanticipated difficulties with or interruptions
in production and operations, the potential for delays in
exploration or development activities or the completion of
feasibility studies, the inherent uncertainty of production and
cost estimates and the potential for unexpected costs and expenses,
commodity price fluctuations, currency fluctuations, regulatory
restrictions, including the inability to obtain mining permits and
environmental regulatory restrictions and liability, the
speculative nature of mineral exploration, dilution, competition,
loss of key employees, and other risks and uncertainties, including
those described under "Risk Factors" in the Company's Annual Report
on Form 10-K filed on November 23, 2011, which is on file with the
Securities and Exchange Commission at
http://www.sec.gov/Archives/edgar/data/1344394/000095012311100285/0000950123-11-100285-index.htm,
as well as the Company's other SEC filings. Should one or more of
these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly,
readers are advised not to place undue reliance on forward-looking
statements or information. The Company does not undertake any
obligation to release publicly revisions to any "forward-looking
statement," to reflect events or circumstances after the date of
this news release, or to reflect the occurrence of unanticipated
events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States
Securities and Exchange Commission permits U.S. mining companies,
in their filings with the SEC, to disclose only those mineral
deposits that a company can economically and legally extract or
produce. We use certain terms on this website (or press release),
such as "measured," "indicated," and "inferred" "resources," which
the SEC guidelines strictly prohibit U.S. registered companies from
including in their filings with the SEC. U.S. Investors are urged
to consider closely the disclosures in our 10-K which may be
secured from us, or from the SEC's website at
http://www.sec.gov/Archives/edgar/data/1344394/000095012311100285/0000950123-11-100285-index.htm,
this press release may contain information about adjacent
properties on which we have no right to explore or mine. We advise
U.S. investors that the SEC's mining guidelines strictly prohibit
information of this type in documents filed with the SEC. U.S.
Investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on our
properties.
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Contact: Investor Relations Colorado Goldfields Inc.
866-579-9444 or 303-984-0524 http://www.cologold.com