Clines Diamond Mine
Soon 70 cents per share will look very cheap for Cline.
Baffinland just raised $175 million for its Iron property next to the North Pole.
Big money will go to Cline in the same way.
Cline says in its annual report, it is focused on a world class Iron deposit.
Clines deposit it is already world class in size.
Look below, if you use ratios, Cline is already bigger then Quinto.
Quito has a Mcap $57 million, Cline should have at least Quito Mcap.
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Clines Iron project has an indicated resource of 150 Mil Tons @ 45% Fe.
Quito has 250 Mil Tons @ 28% FE.
This means both deposits are equal in iron content.
Cline has a 50% transportation cost advantage over Quito.
Cline has a 50% production cost advantage Quito
Using these ratio advantages, Cline is much larget then Quito.
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QUINTO MINING CORPORATION (QU-V) https://www.quintomining.com
Price 78 cents with 72 million shares out giving Mcap $57 million.
Based on Peppler Lake iron property Quebec
Resource 250 Million Tons grading 28% Fe with an NPV of $630,000,000.
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MP