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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > Impressive Mine Site!!
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Post by cooper90 on May 20, 2011 2:37pm

Impressive Mine Site!!

I just took a minute to again check out the updated video from the website, and I have to say this is a very impressive mine site indeed, they truly purchaed this for cents on the dollar....what a steal when you look back in hind sight.  

To now be in the final production ramp up stage after four long years of hard work is just a great feeling, and with absolutely zero debt on the books, not even a CL tapped somewhat is an amazing achievement. One thing that most of us take for granted is that Cline owns 100% of the mine and does not need to give up any of the future production as a percentage of ownership to anyone.

This is a huge plus when you look at all the other juniors and or even intermediate companies that had to give up a fair piece of the production go forward to get the investment money for start-up. 

I hated the equity issue initially mainly because how it was handled and the investor relations piece really needs improvement, but now that it's done with .50 cents in cash and fully funded for the next 1.5 years it's a pretty great time to be apart of this stock and ride the success.......

Have a great weekend longs!!!

Cheers!

Comment by jkallas on May 20, 2011 3:05pm
There are 2 concerns that I have right now. I have owned the stock since summer of 2008 and lots of it (170K shares). 1) i am concern that a slowdown in the global economy may crush commodoties. As i am sure some of you know, coal can easily drop 100 dollars if there is a feeling that the economy is slowing down. Stcoks like cline can easily be down 50%. I was hoping that they would be selling ...more  
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