Jay Taylor discusses Clifton Star in recent The Gold Report interview
TGR:Clifton Star Resources Inc. (CFO:TSX.V; C3T:FSE) is on your A-3 list. Its Duparquet project has 3.38 Moz, and it recently upgraded some of the reserves from Inferred to Indicated. Is there is room for further expansion there?
JT: Absolutely. In another timeframe, with its deposit and new CEO, Clifton Star would be selling at much higher levels. It has a good amount of cash on the books. It needs to develop confidence in the market by continuing to develop and move the project forward, which Michel Bouchard is very good at.
"The real price of gold has risen dramatically, which has led to real, strong profits for the producers."
There are some metallurgical complexities that make the project a little more difficult, but nothing that cannot be resolved. This is the kind of company that we will have to watch because if it can prove up, it will be a tempting takeover target. If that happens, we hope there will be some competitive cherry picking going on.