Clifton Mining (CFB-Alberta)-Silver Play Message Board

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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play

CFTN 0.110

+10.0%

Nov 6 12:08 PM EST

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To: Robert who wrote (34)	5/1/1997 10:57:00 PM
From: George Alazar	of 653

Robert, it is early in the CFB story. It just came public in Feb, '97 into a mediocre silver market. But the great thing is that CFB can be profitable at these low silver prices unlike almost all other producers. As far as the exploration stage, CFB knows quite well what they have , where it is and how to get it. They will be readily proving up more reserves, under the auspices of Behre Dolbear, as they go. Two years ago I walked this property with Keith Moeller and it is plain easy to see the numerous vein systems extending for miles over the mountain. Whether there is lots and lots of silver is not of concern and we haven't even mentioned what might be sourcing these veins at a great depth under the mountain. The Moellers are not impulsive or hypesters. They are building a mine in a very deliberate and steady way. While I would like to see things move faster they have yet to make a mistake in judgement as to their game plan. Their geologist Dan Proctor is top notch as is director Ken Friedman who is also the president of Strathmore, a uranium company. CFB may not light up the board tomorrow but I have no doubt they will be a major silver producer and be valued accordingly. Of course, if we get a bull run in silver CFB will become more speculative and volatile. These low prices offer an excellent chance to accumulate a position while the market is quiet. I wouldn't wait until things heat up and CFB crosses 2 dollars. IMHO it has a lot more to go on the upside!

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