BB's Stock Haven

[wanttruthinvester]

CFTN will report a profit of between 8 cents and 10 cents for the year ended 2019. This estimate is based on the first 9 months reported and assumes CFTN will not have to pick up its share of loss of Desert Hawk because of the accounting rule requiring such pick up when between 20% and 50% of an affiliate is owned. I do not believe they will be required to pick up the loss because none of CFTN's BOD or management has a seat on DH's BOD, and they can easily prove they have no influence on the operations of DH in spite of a 20% ownership. Going forward CFTN owns 5.8 million shares of DH. These shares should increase significantly because DH is expected to be profitable after its first year of operation. Also, ABL is doing well and will continue to provide profits and dividends to CFTN. Therefore, this year's CFTN income is not a 1 time shot. This expected EPS for 2019 should value the stock at a minimum of $1. When we consider the silver in the shear zones and the gold in Cane springs and the additional gold in the recent Simpson property acquisition, the price of CFTN stock could easily be valued at $3.