OTCPK:CFMSF - Post by User
Post by
tooclassyon Jun 22, 2011 2:23pm
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Post# 18751450
Things moving fast at Clifton Star
Things moving fast at Clifton Star
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CFO&t=LIST&m=29885835&l=0&pd=0&r=0&msg=3
Now that we have assumed 100% control at Duparquet, look how fast things are beginning to move:
1. The 2011 Drill program is finally commencing; Some drill targets will be selected for "big hits" with what seems like to me a more aggressive and interesting style of drilling than was the case when Osisko was in charge (and I expect results to be communicated to the market quicker than previously was the case);
2. Internal scoping study in 2-3 months;
3. New 43-101 resource for the Duquesne property to be released mid-July should bump up 43-101 resource at Duparquet project a few hundred thousand ounces from its present 5.2 million ounces;
4. Harry Miller confirms that the money in the bank is a non-issue as the company has about $15.5 million which is plenty for the current year's drill program and next year's program;
5. Last Friday's (June 17) sell-off has been largely erased and the stock price trend is up. The current price is up about 51% from the low point reached on June 17. There is no reason why the stock price recovery cannot continue from here.
TC