RE: RE: RE: Question for JBBMinerI am neither long or short, however I am looking for a short position. why? hype!
I remember wtn actually spending cash flow in the amounts of 120-200mil in order to take their mines (plural) to 6mil tonne, from 4. The rest of the story is history. However They basically just upgraded most of their trucks from 40T to 100T. The mining business has gotten VERY expensive. Just listen to CEO of teck on BNN (last interview with howard). There is bound to be hicups on this bus ride. Just know that underground mines are prone to more problems than strip mines, or open pit.
Once CMK's reports start coming out you'll see the difference in dreamers and investors. I happen to be an investor that wants returns on my investments. I don't want to buy a mountain of coal with no return here (middle of america). Since there is other "mountains" by the ridley terminals I'd rather invest in them. Godman thinks 300+ mt of reserves is a big number, he should check out FT minerals. They have some huge deposits there.
Long story short.....
$5.00 is way to much money for me to invest here. It seems like musical chairs here, and I don't want to be the guy holding stock when the music stops ( 3 quarter this year). If you catch my drift.