Clifton Mining Company (CFTN)

[Lazarus]

Correction... this is not the correct Clifton Mining Co. The Clifton referred to at The Diggings website is

this one which has the old address:

My recollection from following CFTN for years is that they have made most of their income through colloidal silver sales and the like - and now through their investment in American Biotech Labs.

Very few of the many penny miners out there are making any money whatsoever. Some have their mining claims leased out to the larger mining companies and make enuf to cover expenses. Most have no working capital & no operations (other than raising money) whatsoever.

Silver prices have been depressed for years as per this 20 year chart. The trend remains intact. I believe they are poised to perk up and move higher.

Anyone griping that they aren't making money mining silver is nuts. As a junior miner they are lucky to be making any money at all.

I've owned several businesses but the MAJORITY of my income for decades has come from my investments, not my businesses. My wife doesnt care where the money comes from just so long as the mortgage is paid, taxes are paid, medical is paid, utilities paid, kids braces are paid, etc. THE SAME WITH CLIFTON - I DONT CARE WHERE THE MONEY COMES FROM JUST SO LONG AS THEY'RE MAKING IT.

The list $24,358 expenses for Property and claim taxes, filing fees and insurance. Mining claims are $165.00 per year to maintain. I'm not up to date on their current claimss. I bought the stock because they were smart enuf to make an investment in ABL.