Gold prices are up. CFTN's balance sheet is strong. CFTN is profitable from revenues from Desert Hawk and ABL's income.
But the real reason CFTN should be valued at a higher value is: There are 1.1 billion ounces of silver in the Clifton Shear Zone. Why don't investors see this?
At the current price of silver of $14, that 1.1 billion ounces of silver is worth $770 million to CFTN if CFTN gets only 5% from Desert Hawk. If the price of silver increases, it is worth more than $1 billion. CFTN remains the cheapest mining stock there is out there.
How is it going to get to $39 when the tender offer is much lower than that? After the tender offer is over on Friday, you will see NCR back down to $26 or less. It may go up a little after it pulls back, but in almost all tender offer expirations, the stock falls back in the days after the tender offer expires.
This price is sad and absurd. Some people are very stupid at trading. The idiot probably put in a market order, and some smart guy had a $0.05 offer out there and stole the shares.
I continue to state there are 1.1 billion ounces of silver in the Clifton Shear Zones. Bill Moeller told me that and it has been stated in shareholder meetings. I wish management would keep its promises and file a Form 10 and get listed on an exchange. They promised as soon as there were mining revenues, they would do that. Well there are revenues from Desert Hawk now, and we do not have a Form 10 filed. Being listed on an exchange would reduce this ridiculous trading.
This is why I bought a lot of CFTN stock. Bill Moeller told me he had a geologist report stating there is a very high probability of at least 1.1billion ounces of silver. Before Bill passed away in 2014 he took me to he Clifton shear zones and showed the veins and talked very positively about there being as much as 40 ounces silver per ton in some parts with an estimated average of 18 ounces per ton. To me that is very rich ore.
Does anyone know the date of the Silicon Investor Newsletter?