Clifton Mining (CFB-Alberta)-Silver Play Message Board

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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play

CFTN 0.110

+21.3%

Nov 6 12:08 PM EST

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To: George Alazar who wrote (485)	4/2/1999 1:49:00 PM
From: Dan P	of 653

George: I don't have access to all the info you want, but consider that Clifton's main plan was to mine the silver shear veins on a profitable basis, at the same time that they expanded their reserves. They built a mill,and have processed ore through it successfully. This all indicates to me that they really tried to get going as a mining company. So, they did come through with much of what they planned. The drop in prices, and the edict are the road-blocks that got in the way of the mining plan. I don't know what prices will be required to get them going again on the silver, but my suspicion is that they will need lead and silver at least 30-50 % above current prices. I don't know for sure, however, and will contact management again next week. In the meantime, the colloidal silver will be used to generate enough funds to support the company, until we have passed this trough in the metals prices. As far as the Cane-Springs operation, the company is trying to obtain financing to commence the project, and to do some drilling in order to get an idea of what kind of reserves they have. I'll post again as soon as I can get more information. Regards Dan

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