Clifton Star Res Inc CFMSF

RE: RE: RE: RE: RE: 43-101 on Donchester property!

[tooclassy]

Must_be_patient,

I think that investors "must be patient" as today's numbers are known to be incomplete, they don't include the data that we know are coming from the Duquesne property, data that should increase the M&I totals. And perhaps there is more data on other properties to follow the upcoming Duquesne 43-101 report.

Furthermore, I think a figure much higher than $75 an ounce is appropriate for M&I resources. $75 is much closer to what those resources were worth when gold was going for $800-900 an ounce, not the present $1,516 an ounce. And also this resource is located in Quebec, not some banana republic. That should be worth a premium, not a discount.

I think RicherNow is right; Osisko needs to state publically that they are continuing with the J/V. It is not enough that Osisko gave Clifton a budget for 2011 already  (back in December, 2010). However, I believe the chances are zero that Osisko is walking away from the project.


TC