[b]$CFGX[/b] .0053 very nice AH news Capital Financial Global, More Tests Confirm Gold At St. Louis Mine
SALT LAKE CITY, [b][color=green]July 18, 2012[/color][/b] /PRNewswire via COMTEX/ -- Capital Financial Global, Inc. (OTC: CFGX), announced today that it has received the lab results from an additional 10 samples pulled from its distressed St. Louis Mine. The results are as follows:
WEI-21 ME-GRA21 ME-GRA21
SAMPLE Recvd Wt. Au Au Ag Ag
DESCRIPTION kg ppm opt ppm opt
SLM-01 1.61 2.07 0.060 !!!!5
SLM-02 2.16 3.78 0.110 !!!!5
SLM-03 1.75 0.27 0.008 !!!!5
SLM-04 2.61 9.33 0.272 !!!!5
SLM-05 2.17 4.31 0.126 !!!!5
SLM-06 1.98 90.8 2.648 13 0.379
SLM-07 2.14 0.1 0.003 !!!!5
SLM-08 1.76 0.43 0.013 !!!!5
SLM-09 1.43 1.31 0.038 5 0.146
SLM-10 1.74 25.3 0.738 9 0.262
"We are in the process of compiling enough hard data to put together a NI 41-101, which will allow us to list the true value of the mine on our balance sheet," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "Right now, due to GAAP guidelines, we have the asset listed at our purchase price, which we feel dramatically understates what we really have. When this process is completed, our shares will be dramatically underpriced, that's for sure."
More details about this can be found on the Company's website at:
http://www.capfiglobal.com/investor-center/projects
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC: CFGX) is a specialty finance company that provides asset-backed financing and loan advisory services to insurance trusts & pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining & precious metals assets.
Unlike traditional banking models, CFGX helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form. We are the preferred alternative to traditional bank financing.
Our Business Model
We make money by charging loan fees, making interest rate spreads on loans we hold, and by buying & selling loans in whole or in part to institutional investors, hedge funds, or other secondary market participants. We also make money by charging loan servicing fees and by selling distressed assets that we acquire for our own investment or through some type of foreclosure.
