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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by rimm=palmon Dec 22, 2011 9:00am
317 Views
Post# 19344613

RE: RE: RE: Credit line costs

RE: RE: RE: Credit line costs

Assumiing for the sake of argument that your calculations are in fact accurate.  Let's put this into perspective.  $28 million is the equivelent of 1 month of production from 6 continuos miners (30K tons/cm) or 180 000 short tons priced at $156/ton.  To take this one step further $28M in interest equals 2 months profit from the same number of miners, once again assuming the cost per ton is 50% of the selling price. 

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