Clifton Mining Company (CFTN)

[ALERTS100%to10000%GAIN]

CFTN HUGE HERE~~In my mind, CFTN could easily be valued at $300 million. Some have told me that figure is too low, but I am a conservative old accountant and will use this lower value. This $300 million valuation is based on the assumption there are one billion ounces of silver in the Clifton Shear Veins (there is strong evidence there is that much silver), there are between 500,000 ounces of gold and 2 million ounces of gold in the Cane Springs section, and there are between 1 million and 2 million ounces of gold in the Kiewit section. The value of 166 million ounces of silver refined on the surface is $2.9 billion at a current price of $17.57 per ounce for silver, while the value of 1 billion ounces of silver would be $17.6 billion. The value of 1.5 million ounces of gold refined on the surface is $2 billion at a current price of gold at $1,358, while the value of 4 million ounces of gold would be $5.4 billion. In addition, there is the $7.5 million value of ABL that is not recognized by the market. Using the $300 million valuation, CFTN's shares are extremely under priced and could easily be priced at $5.09. With no heap leach in place, and no revenues or operating profit, CFTN was valued at $2.55 per share on February 1, 2004.