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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play -- Ignore unavailable to you. Want to Upgrade?

To: virginijus poshkus who wrote (182)	12/16/1997 4:27:00 PM
From: Texas77	Read Replies (1) \| Respond to of 653

Silver is still trying to break $6. Lets hope that tomorrow is the day. If we break $6 and stay there - where do you think is the next resistance?? GO CFB

To: virginijus poshkus who wrote (182)	12/16/1997 8:40:00 PM
From: Claude Cormier	Respond to of 653

<<Dan, originally the mine was supposed to be producing in august. now it is the end of december or sometime in january. (when i say produce, I mean the high grade ore). delay after delay in light of optimistic production dates does not build shareholder confidence. the stockholders would like to see a date for high grade production set and that date met. this would cement their relationship with the shareholders and enable us to have faith in their future predictions. As of now, from past prognostications, we can look forward to a minimum o f 2500 tons a day of silver production, 7 days a week, at a cost of less than a dollar. my calculations reveal a minimum profit close to 5mm dollars per year or 23 cents a share US dollars. in this circumstance the stock should reach at least $5 in canadian bucks. do these numbers make sense to you.>> ..2500 tons a day of silver production??? That would be great <g> CFB will start producing commercially sometimes in 1Q98...most likely towards the end of the quarter..and it will be at a rate of 200-250 tons a day...for a production of 2500-2600 OUNCES a day. Looks like they will mine between 65,000 and 75,000 tons per year with the smaller mill alone. With cost of max $40 per ton and ore value at $120...we have hefty theorical profitl. However, keep in mind that all profits will be injected in development work. It is one thing to have the ore, but another thing to make it avail for the mill. So I don't think we gonna have profits before the turn of the century... The big numbers will come in 1999-2000 when they bring in the second mill... Still, I have no doubt that the stock will move up...as they increase reserves and production... IMO, CFB will not be the best performer in the early stages of this silver bull, but may well be the best in the later part of the rally. It will be fun to watch.