OTCPK:CFMSF - Post by User
Post by
tooclassyon Jan 07, 2010 11:41pm
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Post# 16653281
Fund manager discusses CFO investment
Fund manager discusses CFO investment
Fund Manager Dr. Paul Zweng discusses Clifton Star Resources on the Korelin Economics Report, January 7, 2010 in this short interview.
Rather than being a retail investor, Zweng represents an institutional investment fund and offers a different and valuable perspective on investing in Clifton Star.
Like everyone else, Zweng is excited about the serious money ($107 million) and sheer size of the upcoming [20,000 meter per month] drill program and overall financial commitment and the pace of news that can be expected from such a program. He says that 10 drill rigs or more will be used. He says his own conservative forecast is for 6 to 8 million ounces or more of gold deliniated by the drilling program over 1 to 2 years. His estimation is that based on $100 per resource gold ounce, and 8 million ounces of confirmed gold the stock price will quadruple to the $16.90 range. Even the more conservative number (6 million ounces) means a triple of the stock price.
Please note: For perspective, writer/analyst Steve Saville thinks (or believes that Osisko thinks) there is 10 to 15 million ounces of gold at Duparquet. You can do the math on what that might do to the stock price if correct.