Clifton Star Resources Inc. is a junior mining exploration company with a focus on six properties that have had historic production of gold, silver, copper and nickel. The company's portfolio consists of seven properties, six of them near the Porcupine-Destor Fault in Quebec, one on the Manitoba-Ontario border, and all in Canada. hide

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

Michael Fowler, Loewen, Ondaatje & McCutcheon (3/28/13) "Clifton Star Resources Inc. announced the results of some metallurgical studies that indicate a potentially positive alternative processing method to that which was suggested in the PEA study tabled on January 13, 2013. The study indicates that if the deposit was processed by a floatation circuit in the mill, a concentrate could be produced which would have gold grades between 39 g/t and 84 g/t. . .the savings, particularly in the capital cost of the project, would be $157.5M. . .the stock is inexpensive, trading at a resource EV/oz of $20."

Killian Charles, Industrial Alliance Securities (3/28/13) "Clifton Star Resources Inc. announced results from preliminary metallurgical test studying Duparquet ore's amenability to producing a high-grade concentrate (1+ oz/t Au). . .the six gold concentrates produced by SGS Minerals grade between 39 g/t to 84 g/t Au after a single stage of flotation. . .producing and selling a gold concentrate would eliminate the need for a pressure oxidization plant and associated capital and operating costs. . .we believe this alternative could prove highly beneficial to the company. . .we are confident the impact to the project will be positive."

Killian Charles, Industrial Alliance Securities (2/20/13) "Clifton Star Resources Inc. is fully financed and ready to take charge in 2013. . .we believe that the company will delineate over 4 Moz after its next exploration campaign. The deposit remains open along strike and at depth. . .we are initiating coverage of Clifton Star with a Speculative Buy rating."

Michael Fowler, Loewen, Ondaatje & McCutcheon (2/15/13) "Clifton Star Resources Inc. reported drill results from the Duparquet project. . .the results show about 50% of the holes are potentially economic, which is positive. . .some of the highlight intersections include: 24.8m grading 3.21 g/t gold and 39m grading 2.15 g/t gold. . .the stock is inexpensive. . .the recent PEA showed a robust IRR of 15.4% after-tax with room for improvement from increasing resources and process optimization."

Andrew Mikitchook, GMP Securities (2/13/13) "Clifton Star Resources Inc. released a PEA for its Duparquet gold project in Quebec. The PEA outlined an open pit, 104,400 oz/year operation (average over life of mine) for $370M of capex with $726/oz operating costs. . .overall the PEA results are positive with the main takeaway being that the PEA level consisting of a pressure oxidation autoclave circuit does not appear prohibitive. . .the grade at Duparquet (1.88 g/t) in the first 10 years is the most positive surprise from the PEA as it leaves significant margin to offset construction and operation of the POX circuit."

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