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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Bullboard Posts
Comment by pastafagolion May 18, 2011 11:13am
448 Views
Post# 18593836

RE: 389 Million Tons @$330/Ton

RE: 389 Million Tons @$330/Ton
They need to pay for the 10 machines.  I think only one is paid for and 2 have deposits on them.  Don't know if they will get supplier financing on the machines - probably not.

Also need cash for railway to be built. 

BTW  -  What will be payment terms on the overseas coal shipments- I assume wire payment on port shipment.  This will help with cline cashflow ?  Larger customers may get terms - don't know what is done in practice for coal - anyone know ??

Bullboard Posts