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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by courtney10on Jun 03, 2011 10:55am
488 Views
Post# 18667472

RE: New GCE Presentation....

RE: New GCE Presentation....GCE is currently trading at 28 times trailing P/E     and about 13 times trailing cash flow/share

Production problems exist, costs of production are much higher than what CMK is projecting.

Even at 100 million EBITDA   - CMK should be a $5-6 stock

Has anyone been able to view the latest technical report, i can't seem to get in on Sedar. I did read the final prospectus which included the PEA.  The projected numbers look great. 

I did read over the November 2010 technical report and it did recommend to do a feasibility report,   i have not read this report, has one been done?   Obviously, mgmt has decided to go ahead with the mine based onthe PEA.

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