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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 (294)	2/17/1998 9:50:00 AM
From: David Luton	Respond to of 653

First I would like to stress I appreciate your knowlegeable observations as the first time I had purchased silver stocks was 2 months ago. My conclusions from yours and other observations are as follows. 1) Clifton is an excellent buy and hold stock. Don't be in a rush to sell unless the price of silver really spikes up as you may miss some nice profits. To the extent that the majority owners wish to fund expansion out of cash flow we may have to be a little more patient but the dilution factor is lower. Personally I will use some other silver related stocks for my trading stocks for short term gain. 2) Given your analyis on this and other posts for ACMG. I call it as a gold / copper exploration play (in its own right) with income related to Clifton's operations. Not a lot of exploration company's with income. I think it is worth more then its present market price on the Clifton income potential alone. In effect t the Clifton tiein reduces (ie. hedges) the normal risk associated with an exploration play. I tend to agree with your analysis of its present worth (a dime) but if you invest in it be prepared to wait 2 - 3 years to recover your investment at an appropriate return. As an amateur I am quickly realizing the value of knowledge advice. I am going to put an order in for Claude's newsletter. Regards The 'other' Dave.

To: virginijus poshkus who wrote (294)	2/17/1998 11:23:00 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 653

<< and we will be in the black with maybe 200mm ozs reserve >> Aren't you a bit optimistic, here mon ami. Lets start with 20M ounces in reserve. If we can get to that level before year 2000 I will be very happy. This should justify a market cap of C$60M and a price of C$3. Of course if silver goes to $10 this year, C$5 would be a reasonable target... BTW, take a look at Plata-Peru (PPU.Alberta)... at northnet.ca and compare the numbers with Clifton... also compare First Reserve with Clifton... Study comparables as they say in the real estate business. I am not saying here that one is better than the other, but just that it is worth looking at how the market is pricing other companies when trying to establish a value on any company.