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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Bullboard Posts
Comment by cacheitinon Sep 15, 2010 2:20am
503 Views
Post# 17449447

RE: money

RE: moneythey have plenty of money on hand to get into production.  i suggest u read the new elk development plan below and see how equipment is phased in as needed.
they will have cash flow in 2011 of $234 million with $100 million of that being PURE PROFIT.
CLINE, like all midcap coal companies will simply enter into a revolving/line of credit to ensure they have cash on hand at all times.
expect cline to do a PP when this stock hits the $3-$4 range so they can develop their B.C open pit property.
https://www.clinemining.com/investors/pdf/100313-preliminary-assessment-new-elk.pdf
Bullboard Posts