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: virginijus poshkus who wrote (358)	4/28/1998 7:46:00 AM
From: Dan P	Read Replies (1) of 653

Vargas: We just had the Chicago gold show this past weekend, and Clifton was there and presented their story. I had a chance to talk to the Moellers, and there was a lot of interest in the company. They made a very good presentation, and clearly impressed the audience with their steady progress. They are continuing to produce the concentrate at a rate of 30-50 tons of concentrate per week, and hope to steadily increase production to higher levels. A gondola is on its way to pick up the first 100 tons of concentrate. They will be shipping the concentrate at a rate of 100 tons per shipment, and expect to get $1500-1800 per ton of this concentrate. So, they will soon generate cash flow, and as their stock rises, will complete the larger mill with funds. They are progressing at a reasonable rate commensurate with the markets, share price, and the demand for silver. Regards Dan

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