Thursday, February 21, 2013

Clifton Mining Company & Desert Hawk Gold Corp - Going For The Gold & Silver

Clifton Mining Company has spent years and years accumulating all of the small mining claims in and around Gold Hill inTooele County Utah in what is now being termed the Kiewit Mining Project.

In fact, according to Rick Havenstrite who is heading up the operations for Desert Hawk Gold Corp., they have invested more than $12 million dollars in this project including the permitting process and refurbishing the mill.

The very exciting part is that this project is just about to start actual production. It has been a long time coming. I am very excited about it as a shareholder of Clifton Mining Company (stock symbol: CFTN). Clifton has survived and progressed this project for years by prudently structuring joint venture agreements with partners that have brought all of the necessary funding and operational capabilities to the party.

Clifton has been able to watch as their properties have continued to grow in value and move toward profitable cash flow without having to spend a dime. Once this project begins production, Clifton will start receiving a steady cash flow from royalties based on the amount of material mined.

If there are no adverse actions taken, this project will gain final approval on March 13th and production will begin in earnest.  Here is a great article for those who want to know more about this project.

Thursday, February 14, 2013

Clifton Mining Company Continues Progress

Clifton Mining Company (CFTN) is getting very close to reaping the rewards of a long term commitment to acquiring and developing the Keiwit mining project in Utah among other projects.

What is exciting is that the final mining permit for this HUGE project is at the BLM waiting on comments. You can see the announcement here:

Kiewit covers the existing Herat Mine, a small operation acquired by Desert Hawk from Dumont Nickel Inc., which had invested at least $7 million developing mining claims there before running out of funding, according to Desert Hawk President Rick Havenstrite. (source).

There are some very attractive things to consider when looking at Clifton Mining. Here are a few.

-Clifton owns a substantial percentage of American Biotec Labs, a highly successful health products company that manufactures a line of nano-silver health produts.

-Clifton has an extremely small share count. Outstanding common shares as of December 31, 2011 were only 56,011,606.

-Clifton has positive cash flow from its investment in American Biotech Labs

-Clifton has partnered with other companies in order to finance its projects. This has led to minimal expense to Clifton while leaving all the risk to other companies such as its previous partner Dumont Mining.

-Clifton is set to receive royalties from production which will make clifton more like a mining royalty company with no operations to worry about. 

-Clifton has other properties that it is developing at this time that add more value.

Clifton Mining is right on the precipice of becoming a cash generating machine. Once this happens, the shares should soar.