RE: CMK-real pictureCMK after dilution $ 1 b cap
The mental patients HOPE for $ 1 b cap before dilution.
Like this one ,sitting in a corner of his rubber-walls room and WISHING;
Hey, when you WISH , at lest WISH BIG - it cost nothing topublish your dilusions : why not this ?;
getting on bike 20 $ , riding with training wheels $ 50 , riding without $ 100
geeeeesus
What Can I buy for $ 1 B?
3 examples of cos " 'riding without training wheels" LOL for years now
1.PCX cap $ 2.2 B ,=2.2 X BIGGER THAN cmk
14 mines ,34 mt , + 20% met = 6.9 mt
So, FOR $ 1B CMK dollars I can buy 6 MINES ,16MT PROD
INCL 3.4 MT MET
loooool
2. JRCC $550M CAP 10mt prod. , 1600 employees 25 mines 10 prep plants RE-opening 2 met mines idled during 2009 crash i Q3 /11
SO, for $1 b CMK dollars I can buy 20mt production 3,000 employees 20 prep plants incl 1 met mine
3.ICO cap $ 1.9 b, 17 mt prod including 2.4 mt met Increasing met by 3 mt by 2014 ( to 5.4 mt) 13 mines sitting on 3 mt t annual capacity IDLE
SO, for $1 b CMK dollars I can buy 10 mines incl 2.7mt met prod ,and 1.5mt easy to restart capacity increase.
This only shows HOW ABSURD CMK SPECULATIVE BUBLE BECOME
,HOW IGNORANT , HOW INFINITELY STUPID THE MENTAL PATIENTS HERE ARE>
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US miners have cash margins per 1 T of $ 10-25.(except WLT double that)
LET'S DREAM BIG LOL = CMK WILL HAVE TOP INDUSTRY MARGINS loooool
25 $ /T OPER PROFITS lllol @ 1MT = $25 M OPER PROFITS , $ 18 M EARNINGS
=
10 C/ SH X generous 10 P/E = $ 1 TARGET 2011
loooooooooooooooooooooool
@ 2.5 MT prod.( REMEMBER , 3MT "RUN RATE" = 2.3 MT SALES)
= $ 63 m oper profits = $ 50 m earnings = 25c EPS after dilution x GENEROUS P/E 10 =
$ 2.5 MAXIMUM ,NEVER TO BE ACHIEVED , TARGET 2013 . LOOOL
loooooooool
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Scary met supply growth in next couple of years
Looks ,2012= lower prices and end of met story
N America met prod increase MOST ONLINE 2011- 2012
ANR 10mt
WLT /WTN 7mt
TEC 2.5 MT
GCE 1.5 MT
CMK 3MT
PRC 1.5 MT
ICO 2mt ( 3mt by 2014)
JRCC 1mt
PCX 4mt ( 3 mt 2013 , 4 mt 2014 ) rasing metallurgical production to over 8 million tons in 2011, with expansion to over 11 million tons by 2013, from 6.9m t 2010.
others second tier 2.5 mt NOTE ,BIG BOYS NOT includd here
TOTAL 35mt - in 2-3 Years , more than whole Canada managed in 30 years.
Of course they will not sell that much .
Remember? CMK 3 mt "run rate" means 2.3 mt sales ?
But still it's lotsa met .
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But that's nothing compared to the rest of world
BHP 10mt , Australia like 60 mt , Russia 30 mt ,few African projects 30mt
and when Mongolia will get on line - forget met .
Supply growth faster than demand growth a
nd first victims in 2-3 years will be
cos. producing at higher cost ...HALLO CMK .
I
see no 1penny CMK EPS EVER
This bike has SQUARE WHEELS LOOOL..
.https://www.confectious.net/thinking/images/square_wheels.jpg
And ,as so typical of mental patients , they try to pull a wagon with square wheels
https://www.squarewheels.com/graphics/swslarge.gif
.