3 is Cline Mining magic number
THE NUMBER 3 is POPPING OUT OVER AND OVER when analysing CMK
--3 times higher initial capex than the pump / LIE ( $ 180m vs $ 60)
....Add like $30m /y sustained capex thereafter.
--3 times lower production 2011 than the pump / LIE
... ( and high probability ,given their record , of 3 times lower prod 2012)
--3 times lower EPS after dilution than colluding anals said
--3 times over-pumped target price ( $ 6- 6 .5 vs $ 2 - 2.2 destiny )
--3 times less clean coal production vs TARD-MATH scummy GOD's pump
.... of prod based on 100% mach capacity stated in mach . sales brochure.
--30 m sh latest dilution
--300% dilution since 2008
--$ 3 target 2014 after drop for couple of years way below that .
So seems , simple approach to CMK would be :
DIVIDE EVERYTHING YOU HEAR HERE BY 3
That's the LOL-MATH vs the TARD-MATH lol
====================
jsnfernley said
"
GEEE--9.8m mt ROM? "
jsnfernley--- I was looking for INDUSTRY PROPORTION of ROM coal to clean coal .
I didn't look into CMK PEA ( got enough of reading lies and fairy tales )
Just took old Elk View PEA where they stated 3 numbers
-- overburden mt
--ROM ( 9.8 mt or whatever ) and clean coal ( whatever #) to arrive at 60% of clean coal out of ROM.
ROM = ROM COAL ,destined for washing not everything = whole vol ,what they dig out
Fortunately you jsnfernley--- provided the specific CMK numbers from latest PEA
"
That's interesting, because the financial information section of the PEA shows 5.455 mt ROM yielding 3 mt clean coal.AND CMK PROPORTION of wIS 55%
The specific CMK numbers are worse than my 60%
Clean coal is just 55% of ROM COAL.
That 2.5 mt/Y washing waste goes to SEPARATE tailings storage .
On top of that, there is SEPARATE dry waste rock storage
In old Tech Rep - t
hey say the DRY WASTE STORAGE will be filled by 3mt of DRY WASTE every year ( they will run - out of permitted dry waste storage capacity in 4 Y )
Where the dry waste rock will come from?,do you think ?
( do you remember also rock partings on whole face of seams ?)
So, we have 3mt of dry waste rock + 2.5 mt wet waste from washing ROM coal
= 5.5 mt waste + 3mt clean coal = 8.5m total volume dug out
3mt of clean coal = 35% of overall volume vs 30% stated by me earlier.
You got me jsnfernley--- LOL
It is CLOSE ENOUGH and will be closer to truth - you must assume at least 10% variation between paper plans and reality.
MY "GOD's" INSPIRATION OF CALCULATING THAT 30%- 35 % WAS;
1. To look for explanation of the
HUUUUGE difference between 2011 installed 2.7 mt
machines name plate capacity and REAL RESULTS of 350kt production 2011
This 65% ( 5.4 mt ) waste , 35 % ( 3 mt ) clean coal explains it pretty good.
Though still does not explain WHOLE difference .
But when you add to the equation the machines working just 50% of the "working shift" time. We have :
2.7mt machine capacity working 50% of time = 1.35 mt dug out stuff.
35% of it clean coal = 450kt.
They will do 350kt ,so either my above numbers are TOO GENEROUS for them or
there are other variables contributing to low productivity.
This is the best explanation / excuse for that POS.
2. My second point was to expose GOD's little scam - TARD MATH
when he took nameplate machine capacity and arrived at whatever crazy production numbers 2011
DESPITE CO. SAYING OTHERWISE = 3-5 times less than GOD's numbers
His PRIMITIVE attempts to brainwash/ mislead his target group
- potential greater fools is so low.
geeesus ---GOD ... do we have to suffer for your sins?
If I would add up all your posts where you say " I am doubling- up ,adding "
- you shoulld own 1/2 the co by now LOOOOOL.
Or at least your " $$ billions " of useless/ worthless stuff in Madagascar.
LLLLOL
more in this thread
https://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=29780447&r=0&s=CMK&t=LIST
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