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

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

CFTN 0.1000

+11.1%

Nov 14 9:30 AM EST

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To: virginijus poshkus who wrote (92)	6/17/1997 11:41:00 AM
From: Claude Cormier	of 653

Vargas, At 200 t/d, they could be producing 350,000-450,000 ounces silver per year. Add to this maybe 1500 ounces of gold and as much as 4M+ pounds of lead... This could make up for revenus of up to $3.5-$4M per year. I don't know what will be the costs but if the lead production is to pay for them as was mentioned here, this could lead a before-tax profit of $2M per year or $0.10/share. These numbers are just my uneducated guess... once I read the stuff I'get back to them for the exact numbers. Anybody has more accurate figures ? I understand a second mill good for 750 tons could be built in the next year...in fact did I understand well that it is already partially built. IMO, higher reserves and production increase will be needed to move up Clifton. If what I was told is exact, it should be only a matter of time. Looks like CFB has excellent potential to participate in the coming silver boom.

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