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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play
CFTN 0.1100.0%Nov 6 12:08 PM EST

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To: Dan P who wrote (180)12/16/1997 8:29:00 AM
From: virginijus poshkus  Read Replies (2) of 653
 
Dan, originally the mine was supposed to be producing in august. now it is the end of december or sometime in january. (when i say produce, I mean the high grade ore). delay after delay in light of optimistic production dates does not build shareholder confidence. the stockholders would like to see a date for high grade production set and that date met. this would cement their relationship with the shareholders and enable us to have faith in their future predictions. As of now, from past prognostications, we can look forward to a minimum o f 2500 tons a day of silver production, 7 days a week, at a cost of less than a dollar. my calculations reveal a minimum profit close to 5mm dollars per year or 23 cents a share US dollars. in this circumstance the stock should reach at least $5 in canadian bucks. do these numbers make sense to you.

vargas
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