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: virginijus poshkus who wrote (294)	2/17/1998 11:23:00 AM
From: Claude Cormier	Read Replies (2) of 653

<< and we will be in the black with maybe 200mm ozs reserve >> Aren't you a bit optimistic, here mon ami. Lets start with 20M ounces in reserve. If we can get to that level before year 2000 I will be very happy. This should justify a market cap of C$60M and a price of C$3. Of course if silver goes to $10 this year, C$5 would be a reasonable target... BTW, take a look at Plata-Peru (PPU.Alberta)... at northnet.ca and compare the numbers with Clifton... also compare First Reserve with Clifton... Study comparables as they say in the real estate business. I am not saying here that one is better than the other, but just that it is worth looking at how the market is pricing other companies when trying to establish a value on any company.

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