Cline Mining Corporation T.CMK

RE: RE: Cline Mining $1.5 target

[elefentman]

PEE...



2
One more big redux   I have  forgotten

# 7 Just 10% future  dilution =10% lower PROFITS /Sh
- not 10% lower  coal price or  revenues
At $ 2. next PP= 10% lower PPS = $ 1.8

Will translate to  about $ 5 /t lower profits  at 1 mt
and over $ 10/t at 2011 - 300 kt.

Brokers  of course  do not  account for that possibility.
How  could  they  ruin their  fees /commission business?

If you will throw- in 8% royalties , land +port and Jansen  yards leases
it easy will add up to $ 10/t lower profits  at any production level.

If they will ask you for  $ 200m for  longwall =  47% dilution @$2