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

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

CFTN 0.110

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Nov 6 12:08 PM EST

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To: Dan P who wrote ()	12/25/1997 9:20:00 AM
From: virginijus poshkus	Read Replies (2) of 653

Dan, Merry Xmas to you and the famiglia. three months ago, silver was selling for $4.60, now it is $6.40. the increase in price has caused the in ground silver resource of Clifton to increase by 9mm dollars if you conclude that they have only 5mm ozs. of course we know that they have much, much more. yet the stock has not moved in correlation with the price of silver the way one would expect. to expand on the subject further and discount your optimistic estimate of 400mm ozs to 200mm ozs, still pretty optimistic in lieu of the fact that no drilling has confirmed the resource as of yet, multiply the $1.80 increase in price times 200mm ozs and you have a substantial sum. even if you conclude that they have 50mm ozs, which is very plausible in light of the 5mm plus already proved, the total value in the ground at 50mm ozs is $320mm or $16/share US. by no means is this a trivial amount. Yet the stock is selling for close to $.50 US. or the company has a market cap of $10mm. a large disparity in view of the in ground resource. if, the 250 a ton day mill starts up in Feb.as planned and produces 3,000 ozs per day as expected, the company would have earnings of $.25 per share US. My question is , when will the stock or the market reflect these optimistic events? vargas

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