RE: Link to Cline's Balance SheetHello, if they are in the ramp up stage of development I would assume that their eps should be a negative, for any new investors to CLINE please go to clines corporate website or sedar. Here is the facts
June 7 -2011 Cline closes 86 million equity offering
Oct 3 -2011 establishes a stand by commitment for 50 million US dollars
Oct 13 - 2011 closes sale to extrata for 40 million CAN
They had one trial sale of coal, the client only requested 10000 ton.
They used between 70-100 thousand ton for bedding ( this is to eliminate cross contamination with other soils) and its all production from August until end of december.
I hope that their client signs soon, it would be nice to have a market in place.
In my opinion ,cline will have produced at least 2 million ton for market before there is any mention of financing
We need to keep in mind, this is JUST a coal mine, not very technical, working on daily production numbers, that is it
Have a great day tomorrow.