Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by GEEEon Jun 10, 2011 12:47am
348 Views
Post# 18697272

Don't worry boss

Don't worry bossThis consultant writing Tech Rep is pretty funny .

Do you want me to write "Report" that Allen slope( 2 seams ) + Maxwell seam will produce
60mt LOM ( 3mt/y x 20 Y )
No problem boss = old report .

Now ,do you want me to write that above will produce only 8mt LOM ?
(7 times less) No problem boss- here you go.


BTW , did you noticed boss, Elk DOESN'T HAVE EVEN ECONOMIC
PRE- FEASIBILITY STUDY - as VERY EARLY PRE_PRODUCTION DEVELOPMENT PROJECTS WOULD ?

It will cost you boss, $ 4m and I am happy to help. LOL

After PFS( 1 YEAR to do) we may do BANKABLE Feasibility Study.(another year)and few $ million)
Otherwise no bank will lent you money, as economics are not proven at all.-


Oh , BTW ,boss ,there is 11 little problems here too,

1--You may need to do geologic modeling of roof and floor conditions
to assess PHYSICAL FEASIBILITY = SAFETY OF MINING geeesus

2--No 4 different air emission and refuse permits with 3 different agencies - don't worry boss

3--SURFACE for REFUSE DISPOSAL ENOUGH FOR 2 Y ONLY - don't worry boss
(in last 'report I said refuse area is good for 4 y - oh well ,Boss - you know I can write WHATEVER )
only 60 mt t refuse LOM is say ,60m cubic meters = 2km x 2 km x 15 m high ( 5 story high)
4 square km = 800 acres BUT they have only 250 acres of surface rights for WHOLE MINE.
geeesus.


4--no permit to mine more =- ALLOWING EXPANSION IN APACHE AND ALLEN SEAM- don't worry boss

5-- no DMRS enviromental permit - don't worry boss

6--no permit to expand mining boundary- don't worry boss

7--no decision in sight on LAND LEASE FROM BLM (APPLICATION made in 2007 )

8--200 gas wells x $ 1 m each on the property were there first and have the right to suck methane for 30 Y - don't worry boss ...
we will pay them 30 y of their profits up front
, so maybe they will go away

(or maybe not if we will offer them only as little as $ 200m over LOM )
geeeesus - this hidden capex is RIDICULOUS .
If paid "as we go" every year from opex the cost per 1 t rises by $ 10.
I bet you ,they are putting as many wells as they can, as we speak - to get paid 30y up front by desperate CMK. ---geeesus.


9- Jansen yard can store only 1kt ( see previous post) - don't worry boss

10- Jansen yard/ trucking bottleneck will limit our shipments to 1-1.5 mt - don't worry boss

11- altogether we are at EARLY DEVELOPING stage- pumped 2 years ahead of reality
- don't worry boss
The pump is a predictable dump.now.
===============

See Peace River Coal in BC owned by deep pockets Anglo.
Market cap delivered from NNE-A which holds 12% of PRC is now around $ 300m= $ 1 .4 CMK equiv.
A company with $1.4 /sh CMK equiv has :
- 1mt prod FOR YEARS, expanding to 3mt -financing no problem by parent
-- a railoadout
--spend in last 5 Y $ 560m on capex and acquisitions- partner to WTN on Belcourt and Saxon
-- 3 times shorter distance to shore
--established long term customers with marketing and pricing power of Anglo
--better quality coal

Anglo put it for sale and NO ONE IN 1 Y on the market would pay the ask price of
$ 430m (
$ 2 CMK equiv) despite WTN / WLT BEING THE obvious buyers .... geeesus.

More here:

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29837282&l=0&r=0&s=CMK&t=LIST


https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29837124&l=0&r=0&s=CMK&t=LIST


https://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=29831636&l=0&r=0&s=CMK&t=LIST


https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29806348&l=0&r=0&s=CMK&t=LIST


https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29819444&l=0&r=0&s=CMK&t=LIST


.
<< Previous
Bullboard Posts
Next >>