Report on SedarThe manure is getting pretty thick again.
The latest report 43-101 Technical Report/PEA is filed on sedar.com dated 5/20/11. It expands upon the prior Tech Report by going into more detail regarding all aspects of the intended mining operation. Full financial detail is shown for operations and equipment capital for new, rebuilds, and replacements for the next 20 years--according to the engineering plans.
If you have any serious money in this stock IMO you should be spending your time reading and understanding this report rather than listening to the half cocked nonsense being spewed on both sides of the fence, but as usual deeper on the negative side. They don't call these Bullboards for nothing.
I would never suggest that the reopening of an underground coal mine is an easy task, but this mine isn't in West Virginia, either. Do you really want a mine where the employees tip off the underground crews that "rega-lators and reva-nooers is here" when they show up? Regulations are getting tougher and enforcement will get tougher too. So be it. I believe that Cline wants to do it right.
Every point brought up that some assert are show stoppers are in fact known, detailed, and planned around. You can read for yourself, or believe people whose numbers don't tie to anything a skilled team of engineers spent a lot of time on. Or perhaps you would prefer to believe the person that told us Cline was out of money and had to let the mine flood back in December. Or the other guy that told us the mine had been on fire for decades?