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Clifton Star Resources Inc.TICKER: CFO:TSX.V; C3T:FSEClifton 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."
