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

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

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Nov 6 12:08 PM EST

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To: Orwell who wrote (223)	1/19/1998 8:13:00 AM
From: virginijus poshkus	Read Replies (2) of 653

George, 21.5mm fully diuluted. the moellers own 18%. Dan P. estimates that they have 450mm ozs through estrapolation. plus the lead which will basically pay for the mining of the silver. i would expect production to ramp up to 7 days a week in 60 days. processing of high grade ore of at least 12 ozs per ton. profit of $4.50 per oz. on a fullyear basis this will give them earnings of $5mm per year or close to 20 cents per share US. if this happens you are looking at $5 to $7 cdn per share. this is a per silver play as you can get, right now they bascially have drilled proved up reserves of 7mm or so by drilling about 10% of 11 veins out of 40 veins. so things look good for the future. an otcbb is close at hand and look forward to the AMEX in 1998. vargas

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