$3 Billion per Share in the Ground (LOL)
Waterboy,
I agree with you about Ken Bates; I believe he has done an outstanding job for Cline shareholders.
I stated this on the Cline board when many where complaining about Cline management.
( As per this link dated, 10 April 08, well before the present stock run )
I could never understand why stock house posters made such critical comments on management.
Ken Bates profile is a Merger & Acquisitions specialist (as per my blog), he is probably cooking a better deal then my Cambrian Hypothesis.
Cline has hundreds of Billions of dollars in the ground, anything is possible.
The amount of dollars in the ground per Cline share is astronomical. Lets say Cline has 900 Mtons coal @ $300 per ton and 200 Mtons iron at $200 per ton, that equals $310 Billion dollars in the ground. That is equal to an astronomical $3 Billion dollars per Cline share in the ground. These numbers are mind boggling. I had to buy a new calculator to get the zeros on the screen. (LOL) + (LOL)
Given the above numbers, my market call, for a Cline & Cambrian merger at $4 per share must look odd to many people. However I see a big price increase post merger, maybe $8 or $9 per share.
This is my Lateral Thinking, crafted and disciplined by working on many multi mega size engineering projects on a global basis. I can not help but think the way I do. Building mines on top of remote mountains, is more about creativity then Picaso ever was. Such work is also about practical common sense, so my ideas are deeply rooted to the bottom line. I see things both ways.
I fully see your point, that Cline can easy go it alone and still hit $8 per share just on the New Elk Coal project.
Shareholders need to be patient, so goes the saying;
“ You make more money sitting on your hands then you ever will by trading”.
I believe most people will get whip lashed out their shares trying to trade.
Definition of Patience is, Long-suffering,
Good luck to the longs