Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David Luton who wrote (277)	2/13/1998 5:17:00 PM
From: Dan P	Read Replies (2) \| Respond to of 653

David: Thank you for your kind comments. I can't personally do justice to your question, because while I know of ACMG, I really know very little about it. While I have the opportunity, I would like to comment on Clifton. I had the opportunity to speak with Mr. Bill Moeller, president, and have the following update. 1) 24 hr production: should start by next Wednesday (Feb 18), and will get 250 tons/day for a 90 day test period, after which they will analyze the results from a financial view-point. 2) Adequate funds have been raised for the 250 ton/day plant and now attention will be directed to the production, and once it is ongoing, and with an anticipated rise in the stock price, additional financing may be necessary to comple production of the larger mill. Initially, 750 tons/day was the goal for this mill, but technical improvements in the design will allow them to increase the production to 1000 tons/day. The financing just raised will enable the company to increase rock processing so as to eventually produce enough to support the mill's throughput. 3) On the 24th of February, the stock will be trading in the U.S. in real-time, rather than having the single daily quote. This will allow more U.S. brokers to trade the stock. 4) The silver and lead ore that is being produced has no contamination with arsenic, antimony, or mercury, and this makes the ore product a lot more desirable for smelting. It reduces greatly the cost, because otherwise, those metals, if present, would have to be removed, and as I understand it, this adds a lot to the expense of processing the ore. 5) Consequently, the Clifton product is in great demand, as there is truly a shortage of silver available for delivery, world-wide. Regards Dan