As a shareholder of Clifton Mining Company, I have a high level of interest in their future plans and operations. Specifically, when will they start making money and how will that affect their share price.
While Clifton Mining has made announcements regarding its joint venture agreement with Desert Hawk Gold Corp, it has been vague and left a lot to the imagination. There is a saying that lack of information breeds misinformation. This is certainly true.
I have now been able to ascertain a much more detailed look into what is actually occurring with Clifton and Desert Hawk Mining. Clifton shareholders will surely want to study the document that I am providing a link to below.
It is the prospectus for Desert Hawk Gold Corp. As it turns out, they are doing an IPO at $0.70 per share. Clifton Mining owns 500,000 of these shares. Not only that, but it gives detailed information regarding the joint venture between Clifton Mining and Desert Hawk. There are some other gems in there as well. For example, you will see that Desert Hawk has a different agreement with the Moeller Family Trust for the Yellow Hammer gold claims that are very near to the Clifton Mining claims.
So pull up a chair and check this out. It really does look like the Clifton Mining properties are set to begin production with Clifton Mining in a position to sit back and reap the cash flow from the net smelter royalties and ride the possible appreciation in share price of Desert Hawk Gold Corp after they do the IPO. Enjoy CFTN shareholders.
Prospectus For Desert Hawk Gold Corp