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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > Refreshing !
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Post by Suntrader on Dec 15, 2011 4:46pm

Refreshing !

I just finished watching the updated video presentation on the Cline Mining website www.clinemining.com

It was very refreshing and brought back to me all the reasons i believe this will be a great investment long term

Well worth a watch.

Ken Bates telling me that they will "mine 2.75 million tons in 2012" and "3 million a year after that", plus the fact that they are looking at ways to "increase that production significantly over time" gives me great confidence.

My take on the latest trading is that someone is taking advantage of the economic turmoil and tax loss season to accumulate this stock. Who knows who that could be, institutions, somebody with a view to an acquisition...?

I have some Cline in my kids RESP's for the long term and have been trading it successfully for a little while now. Bought in during the last downturn between $1.10 - 1.30 then sold around $2. Just bought back in today at $1.32 hoping they will give us a nice pre Christmas news release like they did last year.

Look at the charts to see what effect that had !

Do your own due diligence, i did mine and am happy with what i see.
Comment by oilismoney1 on Dec 15, 2011 5:01pm
Hello, nicely put suntrader, I think all is going to be very well.One miner produced enough coal from January to July to enable Cline to:Sell 10,000 ton for trail to a client ( Thats a client with a C, They certainly did'nt give it away)70 -80 thousand ton for beddingAnd a 20  - 30 ton stock pileIf my math is correct  that would be a total of between 100 - 120 thousand ton ...more  
Comment by straightbull on Dec 15, 2011 5:19pm
One miner produced enough coal from January to July to enable Cline to:Sell 10,000 ton for trail to a client ( Thats a client with a C, They certainly did'nt give it away)70 -80 thousand ton for beddingAnd a 20  - 30 ton stock pileIf my math is correct  that would be a total of between 100 - 120 thousand ton from one miner in 6 or 7 months----------------------------------- ...more  
Comment by oilismoney1 on Dec 15, 2011 5:34pm
Hello straightbull, I believe that the 74 thousand and change plus bedding,plus stock pile, I think I am qualified to calculate a stock pile into cubes metres, so I will have to stick to my estimates.Have yourself a great evening
Comment by straightbull on Dec 15, 2011 6:23pm
oilismoney1,You posted on Dec 13th.......Hello, one thing you forgot to mention cooper,is probably 300-400 thousand ton on the ground ready to ship Was this based on your estimates? I hope you are right. We have nothing to be concerned about.Have yourself a great evening.
Comment by oilismoney1 on Dec 15, 2011 7:00pm
Hello straight bull, I think that number should be in the ball parkI noticed you are up to speed in regards to Cline, I have been trying ,email , phoning the British Columbia in regards to how far along the paper trail is in lifting the moratorium on Sage Creek, any info would be much appreciatedHave a great evening
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