Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by mfmanon Jan 24, 2012 10:36pm
424 Views
Post# 19444949

RE: RE: NOT PROFITABLE(reply)

RE: RE: NOT PROFITABLE(reply)

Last quarter met coal price was around $200/T. However because of the quality of coal out of Cline, there would be 25% discount applied as mentioned in CIBC report, which brings the price down to $150/T. I did some back of envelope calculation and IMHO that at current price of $2 and above, the long wall operation is partially priced in. If the feasibility report turns out to be negative I would expect SP to fall to around $1.3.

<< Previous
Bullboard Posts
Next >>