Clifton Star Resources Inc.

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.

Expert Comments:

"Clifton Star Resources Inc.'s project is marginal at $1,300/oz gold. It is facing a balloon payment and an extremely low valuation right now so it would definitely benefit from gold jumping back through $1,500/oz." read more >

"Clifton Star Resources Inc. scores just over 50, which is in the top third of our Quebec development companies. Clifton is a very high-risk/high-reward stock. In April, Clifton Star published a prefeasibility study on its Duparquet gold project in northwestern Quebec. At $1,300/oz gold, the after-tax NPV is $135M and the IRR is 12.1% (at a 5% discount rate). For the Duparquet mine to be built, gold will need to be at least $1,500/oz. That means that Clifton Star is one of the most leveraged stocks in our database to the price of gold. Its market cap is only $7M with a deposit that's over 4 Moz, which makes it very cheap. Clifton has $50.2M in payments between December 2014 and December 2017 to own 100% of Duparquet." read more >

"Among companies with advanced deposits, Clifton Star Resources Inc. just completed a prefeasibility study on its Duparquet project in Québec, which concluded that pressure oxidation is the best way to process the ore. . .I recommend it to people who believe that gold is going back to $1,500+/oz. At that price Clifton Star's NPV and IRR increase substantially and the current $15M market valuation will grow by multiples as the junior becomes a buyout target." read more >

More Comments

Experts Commenting on This Company

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Clifton Star Resources Inc. Content