Ha il 50% di una società biotech specializzata nell'usare l'argento quale agente chemioterapico (antibiotico)... secondo Hommel ha un potenziale esplorativo enorme...
http://www.cliftonmining.com/
clifton@cliftonmining.com 801-756-1414 (303) 642-0659 Ken Friedman
47 mil shares fully diluted (May 2004)
@ $0.95/share US
$44,65 mil MC
http://www.cliftonmining.com/wsreview.htm --source of 100 mil oz. resources est.
http://www.cliftonmining.com/resource.htm
From:
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=13531
"A previous geologist has talked about a possible resource of 1 billion oz. of silver, and 5 million oz. of gold."
"It took management almost 30 years to obtain every patented claim in this historic mine area, and to form them into one contiguous block of claims. These claims were originally owned by as many as 100 surviving descendants of the original miners. "
100 mil oz. silver
+500,000 oz. gold x 10 = 5 mil oz. silver equiv.
= 105 mil oz. silver.
up to 1000 mil oz. silver "exploration potential".
Clifton has a complex JV agreement with Dumont Nickel. (DNI.V DMNKF.PK) - exploring Clifton Mining's property In sum, here is what Keith Moeller VP, Clifton Mining Company wrote to me: "If Dumont produces a positive feasibility study on an individual property piece, then they gain a 50% interest in that piece alone, not in the rest of the property. If they spend more than 5 million dollars (US) on any one piece and they produce a positive feasibility study on that piece, then they will gain a 60% interest in that one piece of property, not in the rest. If they stop at any time or fail to produce a positive feasibility, then they will gain no interest in any of our property. Right now we have around 7 different pieces of the property that have "Stand Alone" mine potential. If Dumont stakes or purchases any property within five miles of the joint venture property, then we automatically receive a 50% interest in that property."
My problem is how to quantify that. First, there is the range of potential silver resources. Second, there is the range of potential ownership, which is highly variable, and not subject to the entire property, nor necessarily subject to spending by Dumont, but subject mostly to Dumont doing a positive feasibility study on each of many properties . At the extreme ranges, the values are:
40% to 100% of 105 = 42 - 105 million oz.
40% to 100% of 1000 = 400 - 1000 mil oz. "exploration potential"
$44,65 mil MC / 42 mil oz. = $1.06/oz.
$44,65 mil MC / 1000 mil oz. = $.04465/oz.
You get "approx" 10.09 ounces in the ground for 1 oz. silver at 10,70 US$
Exploration Potential: 239 ounces in the ground for 1 oz. silver at 10,70 US$
Additional comments: Goldseek.com is hosting a "Meet the CEO" session with Dr. Friedman of Clifton. If readers would like to send him some questions (open until Aug. 23), see:
http://www.goldreview.com/MeetCEO/ask.php
Note the "exploration potential" is very large, but it also assumes that their JV partner, Dumont, does not acquire any interest in the property at all.
Perhaps an interesting and novel way to determine percentage ownership of the projects would be to look at the relative market caps for both Clifton, and Dumont, and then assume that the market has it "about right", and then use thier relative values to determine a possible percentage ownership of each. And then, simply decide to own both, keeping your percentage ownership of each company, about the same. For example, if the MC of Clifton is $43 mil, and Dumont is about $10 mil, so own about 4.3 times as much Clifton as Dumont.
JV agreements were primarily entered into during a time when it was difficult to raise money through share offerings, as a way to advance the projects. Unfortunately, JV agreements also make it difficult for investors to value a company! Several companies at the NY Gold show in June were just completing buyout agreements (or working on doing so) with their JV partners.
For more info on what's going on with Clifton, see
http://www.dumontnickel.com , JV partner. One man suggested buying both Clifton and Dumont to ease the difficulty in trying to figure out their JV agreement.
................
Clifton has 25% ownership of a biotech firm, ABL, that makes a colloidal or nano silver. The biotech firm has a patent on a "super" colloidal silver solution made with 10,000 volts that adds oxygen that gives it more powerful antibacterial properties, and is safer since it uses less silver, which would prevent "blue skin" argyria. Normal colloidal silver that you can make at home with 30 volts works to kill bacteria by disrupting the oxygen metabolism of the cell wall, killing bacteria with oxygen. The market for safe antibiotics is in the multi Billions of dollars. The product cures malaria.
If you are a Shareholder of Clifton Mining, you can call the company directly, and order the colloidal silver from the company at a substantial discount to the offer below. Shareholders can buy the ASAP solution for $8/bottle, but you have to order a minimum of a full case of 50 bottles at a time, for $400.
You can now order the colloidal silver solution online, by the bottle, at
http://www.asapsolution.com
To receive 10% off, use 50105 as the coupon number.
Clifton announced a JV agreement with General Resonance to help with their ASAP solution. Clifton gave Congressional Testimony that really explains the incredible story behind their ASAP product.
http://www.cliftonmining.com/congressionaltestimony.pdf