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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Bullboard Posts
Comment by dtrader3on Jan 14, 2011 2:17pm
359 Views
Post# 17973961

RE: RE: Short Term Selling Good Buying Opp.

RE: RE: Short Term Selling Good Buying Opp.they are building a rail from site to the coal spur as we speak...all the infrastrucute will be there in due time...right now they are trucking but expect to be shipping by rail by the end of the year... they increased guidance and expect to be producing at a 3MMt rate by the end of the year. The company would not increase guidance that aggressively if they didn't believe they could deliver. If they wanted to play it safe they would have stayed with their original guidance.  (SEE THE LAST PR). Bottom line with a resource greater than 315MMT...they will expand this above 3MMtpy to 6-7MMtpy ... GCE is capped out at 3.5MMtpy ...they are a 1.1BB company... Cline is at $700MM ...they will produce double the amount of GCE and will have lower costs then them...pretty simple trade IMO
Bullboard Posts