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: Eva who wrote (248)	2/7/1998 9:40:00 AM
From: Norm Gardner	Read Replies (1) of 653

Thanks for the reply. It looks like CFB only has a little over 3.5million shares O/S and management only issued 500,000 shares to tide them over until they start receiving revenues from production. This is very good IMO for the shareholders in that they are bootstrapping the operation and when they really get the 750 Ton per day mill going, the profits will be enormous with only the small number of shares outstanding. Also I keep watching the silver stocks in the Comex warehouse and yesterday they were down to about 101 million ozs. I think that once they break 100 million ozs., IMO, a barrier will have been broken and silver will start heading higher. I think the users of silver i.e. industrial mfgs. and Fuji and Kodak will start to hoard the remaining silver otherwise they won't have any for their products. Norm

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