RE: RE: What is going on?This is a paragraph from their last press release. It does provide info on production:
"Cline's New Elk coalmine has recently commenced mine production of high-vol metallurgical coal with production slated to reach a rate of 3 million tons per year by the end of 2011. Overall production in 2011 is anticipated to reach approximately 1 million tons of coal and will ramp up exponentially throughout the year, with 80% of the annual production scheduled to take place in the last 6 months of the year".
From this we know cline will exit 2011 with a 3M ton run rate (not 3M tonnes in 2011)
Total production in 2011 will be 1M tonnes
Not much production will occur in q1 and q2 (post july if they are referring to a calendar yr)
I remember shane posting info about cline still waiting for permits for the above ground operation (wash plant, etc) Has this come in yet? The permit they have allows them to extract coal only but not process it at this point.