$CFTN DD! According to CFTN's website - Resource
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Posted On: 10/22/2020 2:15:33 PM
$CFTN DD!
According to CFTN's website - Resource Summary - Investment Rationale - https://www.cliftonmining.com/
The Shear Zone System, which features a group of at least 38 mineable silver, gold, and lead ore veins. The system outcrops for just over one mile. More than 4.8 million ounces of silver and 26,000 ounces of gold have been certified by geological studies. The certification reports estimate that these resources represent less than 10% of the potential value of the first 11 of the 38 veins.
The Shear Zone System -
Silver - Est - $4.145 Billion
4.8 divided by .1 divided by 11 = amount in each vein = x 38 veins = 165,818,182 est ounces silver at $25 an ounce you do the Math = $4.145 Billion Just in the Shear Zone System....$
Gold - Est - $17,964,000
26000 divided by .1 divided 11 = amount in each vein = x 38 = 8982 est ounces gold at $2000 an ounce ... $17,964,000
Desert Hawk Gold Corporation - CFTN owns 5 Million Shares of Desert Hawk Gold Corporation
The Kiewit Zone. Newmont Mining had spent several years exploring on this property. Their chief geologist on the property reported that he believed the deposit holds between 2 and 5 million ounces of gold. This deposit is currently being mined and heap-leached by Desert Hawk Gold Corporation, a private corporation, intending to go public. Clifton traded its net smelter return on this property for more than 5 million shares of Desert Hawk stock and $3 million in cash. Clifton’s management executed this move to secure cash (some of which is being used to repurchase shares) and a large equity position in our producing partner.
According to CFTN's website - Resource Summary - Investment Rationale - https://www.cliftonmining.com/
The Shear Zone System, which features a group of at least 38 mineable silver, gold, and lead ore veins. The system outcrops for just over one mile. More than 4.8 million ounces of silver and 26,000 ounces of gold have been certified by geological studies. The certification reports estimate that these resources represent less than 10% of the potential value of the first 11 of the 38 veins.
The Shear Zone System -
Silver - Est - $4.145 Billion
4.8 divided by .1 divided by 11 = amount in each vein = x 38 veins = 165,818,182 est ounces silver at $25 an ounce you do the Math = $4.145 Billion Just in the Shear Zone System....$
Gold - Est - $17,964,000
26000 divided by .1 divided 11 = amount in each vein = x 38 = 8982 est ounces gold at $2000 an ounce ... $17,964,000
Desert Hawk Gold Corporation - CFTN owns 5 Million Shares of Desert Hawk Gold Corporation
The Kiewit Zone. Newmont Mining had spent several years exploring on this property. Their chief geologist on the property reported that he believed the deposit holds between 2 and 5 million ounces of gold. This deposit is currently being mined and heap-leached by Desert Hawk Gold Corporation, a private corporation, intending to go public. Clifton traded its net smelter return on this property for more than 5 million shares of Desert Hawk stock and $3 million in cash. Clifton’s management executed this move to secure cash (some of which is being used to repurchase shares) and a large equity position in our producing partner.
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