Steve:
I haven't talked to management in a little while, but this is a
company in production of silver and lead, with an excellent property.
They are in the process of raising more funds to support an expansion
of the production, but it remains at a fairly low market cap.
Raising the necessary funds is undoubtedly the main problem with this
company and many other juniors, but having said that,
any company, including this one, that has survived the Bre-X
fiasco and the sharp drop in gold, has a good chance of getting
through. There are always risks, and this has to be regarded as a
speculative issue. On the other hand, the management of the company
is seasoned and very conservative, and the property in Utah is one
of the best around. I think that it is not fully valued at this point
and I doubt that anyone would get seriously hurt in this stock buying
at these prices. Remember, we are at the low end of the junior
resource cycle, and it is likely that purchases of many promising
stocks at this venture should do well overall. Not knowing your
personal situation, and even if I did, I could not advise you whether
or not to purchase Clifton at these prices. All I can say is that
I personally believe that it is a buy at these prices.
Regards
Dan |
