GUNSSs post on CMK in 07/2011.
Awesome stuff, well done Eigen337!
I've spoken on several occasions, including very recently, with the COO of Cline Mining. Both he and the CFO are very, very well informed on this topic. I also have spoken with Cline's Chief Marketing officer. He's very good as well, and I heard from a very reliable source that he checks out as a good guy with a lot of experience and a lot of integrity. I think the bad mgmt rap on these guys is completely wrong.
The company has been hit largely by MSHA delays, but the mine is said to be in great shape. I'm feeling better and better about the overall story from my talks with management and from reading excellent posts like this one from Eigen337.
Having said that, it still remains a real possibility that more MSHA (and other) delays and start-up surprises while ramping up to 3mm tons of production are unavoidable. I for one don't care if the Company is producing at a run-rate of 3.0mm mid 1q 2012, or 2.7mm or 2.4mm tons. All that matters is that they have good quality coal, which I am confident that they do. Will the stock price trade lower if they miss production guidance again? Probably, but this is a $5-$6 stock if they get anywhere close to 3mm tons in the next year. At $2.15, the fundamental downside is extremely limited.