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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on May 10, 2014 10:13pm
261 Views
Post# 22548171

RE:Coal Sales

RE:Coal SalesI don't think the intent of this 1000-ton production is to sell it to any end user or to go into full production at this point. The met coal market has completely collapsed and unless the majors cut back on supply, there is no hope for the juniors.The sole purpose of this sample is to test the quality of the coal since the samples taken by the original Plan by the Agapitos may not be representative of the quality of the coal at different zones. However, the hopeful sign is that some end user may be interested in buying this coal and they may have asked its quality be proven first; otherwise, for the company to go out and incur new costs just for curiosity to test the coal quality, seems to me to be quite idiotic. So there may be a interested buyer who would like to buy this B quality of met coal and if he buys upfront a percentage of it in the form ofan off take agreement, that would constitute real news. And so far no news is out.
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