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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by ark88on Oct 31, 2011 11:49am
409 Views
Post# 19195397

RE: IMAGINE.......

RE: IMAGINE.......What's key for Cline at this moment is not what will happen in 6 months time (that's a forgone conclusion), but where they are at in the next 4-6 weeks with New Elk. Most recent met coal M&As are all about first, the resource and second, the production profile, and not about profitability. At this point, they should have completed the Blue Seam decline. Their plan to be producing 3.0 mty is based on 4 supersections (it could be 5?), but these are based on 2 declines, the Allen and Blue. Once these declines are completed, it's simple to develop the supersections as long as the mine plans are approved by the authorities. So, in the next 4-6 weeks, we need to have the 2 declines completed with at least 4 cont. miners deployed, then, rest will be history.
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