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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: Claude Cormier who wrote (93)6/17/1997 4:15:00 PM
From: virginijus poshkus   of 653
 
Claude, things look good on the surface. I am hoping Old Bill has the savy to get into the production mode in the next few weeks. This will be a great milestone. Remember there is silver there comparable to some of the best mines in Idaho. I would expect things to progress to 2mm ozs per year easily in 1-2 years. Another key is drilling more of the veins and proving up more silver, once this is done the stock should scream. By then the street will see that the company has 100mm ozs or more. The present silver reserve is around 4mm based on 10% of 8 veins out of a total of 38 veins. if the grade holds true there could be 200mm ozs at least.

vargas
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