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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: kimberley who wrote (252)2/4/1998 5:49:00 PM
From: virginijus poshkus  Read Replies (4) of 653
 
Kimberly, clifton is now taking some very nice highgrade or out of the mine. big chunks of galena and nice lead. soon they will be operating full time with the rich ore feeding the mill. i understand that they are filling up a 35ton truck to send to the smelter for refining soon. this is concentrated stuff, somewhere around 200 ozs per ton is expected. i will try to get more operating plans in the next few days. stayed tuned on this front. i also bought more at this cheap price.

a rough calculation, when silver was $4.50 clifton was .80 cents now silver is $7, an increase of 2.50. lets say cfb only has 50mm ozs of silver at a net in the bank of $5 per ozs after all mining costs. in this case the value not discounted of silver to cfb is , $5 x 50mm or 250mm not discounted . do a npv on this for 10 years at 10 % and you come out with $168,000,000 or $7 a share US bucks. sooner or later we will reach this level. another way of analyzing the increase in price based on just 10mm ozs is to say that our inventory increased by $25mm or $1 per share and the stock has not responded. it will soon and it will vault in a flash over the old high of $1.79.

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