Claude,Vargas and others:
If you look at the performance of the "silver stocks", Clifton has
moved up slowly, and is threatening C$1. A few of the well-known
ones such as Sunshine and United Keno moved up sharply on the day
of the Buffett announcement, but have since corrected back. We are
seeing steady progress from Clifton, and it turns out that
their silver/lead ore is of high quality, and does not contain
contaminants such as mercury, etc. This makes it valuable ore, and
is being sought after by end users/metal smelters.
Vargas, I would be very pleased with a double of the stock price
from these levels, but certainly, if silver goes to $10 then
of course we could see $5 or more within 1-2 years.
By the way, this is an excellent time to pick and choose the
"silver" stocks, as the move has just begun. The silver shortage
is not about to go away soon, and this move will last for quite
a while. Gold will also follow sometime this year, imo.
Look at Claude Cormier and Ron Struthers for help in selecting
these issues. I noticed that the International Forecaster also
included Clifton in its recommended list(Bob Chapman's letter).
Regards
Dan |
