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 7 9:30 AM EST

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To: Tim Hall who wrote (353)	4/16/1998 11:31:00 PM
From: Claude Cormier	Read Replies (1) of 653

<< Now if you could just point out how soon you expect this stock to take off >> Well Clifton's stock is in an uptrend since end of 97..and I expect it will continue. However, I don't expect a take off. We can possibly hope for $1.35-$1.50 by year end... Of course if silver jump in the double digits this year...we will see higher prices for CFB. We have to be patient with CFB. The potential, base on current geology is large.. Ultimately, they will likely end up producing 5M ounces of silver per year if not a bit more and have 30M-50M ounces proven, probably by year 2001-2002. But for now, they don't have the money to prove up enough reserves to justify more than a production of 500K-750K ounces per year or so. Proving up reserves is one side of the story. Developing the veins for high volume underground mining is the other side of the coin. They need $10M to achieve this and allow much higher production. They will reach this goal because I am convince the silver is there...but it will take a few years.

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