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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by cooper90on Dec 08, 2011 1:04pm
222 Views
Post# 19304040

RE: RE: RE: Mr. Ernest(reply)

RE: RE: RE: Mr. Ernest(reply)Northguy53.....

Look at the last report not including equipment purchases (meaning capital expenses) for machinery etc, which is a one-shot deal, they said a burn of 7-8 million a month. So with 97,000,000 million in the bank they can manage for most of 2012 to run the company without touching the CL, or going to the market again, or debt 

So, no dilution, no debt for a full year....basically all of 2012

So it now boils down to what can they do in 2012 with all the new mine portals open (and approved because I called and confirmed), all the miners starting to move into the mine slopes (multiple steams) etc before need to dip into the CL.
 
So lets say it takes from Jan - June 2012 to get some production numbers in place at even half their 2.75 million annually, meaning 1.3 million annually by June. This supports at $200 a ton x 1.2 million = $240,000,000 grow revenue, so that the entire stock price today less cash.

You keep saying they will not be able to truck the coal, they are already trucking the coal to the load-out so no idea what you are talking about....

IMO - With all the new miners and slopes in place if they can execute and hit production (at half their suggested) we will know well before cash is tight, so I believe it's limited downside and nothing but upside if they get execute.

Coop.






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