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: Dan P who wrote (359)	4/28/1998 10:18:00 PM
From: virginijus poshkus	Read Replies (1) of 653

Dan, I understand things went well. Information I received confirms your scenario. Presently they are producing 200 tons per day, with an expected 8-10 ozs per ton. Total cost should be $00.00 per ozs after all credits. This is what we want to hear. Secondly, they expect gearing up of the mill to 300 ton per day in the next few months. Remember the bigger mill, 750 tons is on site and 60-70% complete. On the labor front I understand they have some experienced miners coming in from the former Bunker Hill mine. The consensus now is that the management is doing a good job all things considered. credit must be due them because this is a debt free company moving into a profitable mode. vargas

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