RE: RE: Info..just causeSo looks like GEEE has been right all along in that there will be NO coal production until late this year starting perhaps this September.
So when will CMK management report that at least some of the trial coal shipments - presumably sent to their prospective customers by now??????? - has resulted in some actual sales contracts to be in place for the start of the coal production this fall.
Until then the weekly bleeding of CMK cash in the bank will continue and may soon need even more beefing up in addition to the most recent financing?Work commenced on both Slope Support and Ventilation on April 22 and
Was completed mid---August. Work included the Clean Up and Recovery
Of 12 Major Roof Falls on 31% Slopes. In addition, TK removed the old
48---inch Belt System and installed a new 60---inch Conveyor.
The existing Crosscuts and Slopes were widened by means of drilling
And blasting while development of new Crosscuts and Track Curve was
completed.
Construction of the second Main Belt and Main Line Seals was also established.
TK Mining developed and received MSHA approval for all NECC Mine Plans
And is projected to produce three million clean tons of metallurgical coal a
Year by the fourth quarter of 2012. In June,2011,
TK Mining will do 1700 feet of rock slope driveage in the BatesPortals.
TK expects to be in coal production in September of 2011.
TK anticipates running three continuous sminer supersections.