cmk I have been away for awhile due to biz. It seems nothing has changed. There are many post on here that I do not agree with but, I always try to gleam some worth while info to guide my investing. There are many of you that I highly respect and truly gain insight in the energy biz especially in North America mining.
It seems that their are many that must be shorting the stock as I have never read so much outright lies, misinformation and truly BS. If half of the mining info about this project was even close to being true, much less real, this mine would have been dead 100 years ago.
I would like to remind everyone of one simple fact,
this is the last of the large met coal deposits in the United States. PERIOD. CMK is in a gravy spot. The 300 million tons is a very small amount of the coal that is available. CMK could easily double their reserves by leasing. But guess what? They do not have to. Thats right. The coal is under the State of Colorado property and they are not going to allow any new mine openings. On top of that, CMK can head south where this coal runs for many miles into New Mexico.
USGS reports indicate that their was over 1 billion tons left in this area. In fact, they state that their could be more that that. Their is nothing like this in the States.
In addition, the average coal thickness here, relates to cheap mining if carried out properly. The seams average over 6 ft over the lease area and expand as the mine exits the existing leases. Core drilling east of this mine in another closed mine had coal at over 11 feet. This was carried out by coal bed methane exploration which these results were published at a coal bed methane conference.
My point to this is very simple, this is a very valuble mine and lease hold.
Now, I in no way understand what CMK is doing or has done in the past. I cannot believe thay have over 200 employees at this mine at this time. I do not understand why they did not tackle the Allen seam with its 15-20 million tons faced up and ready to mine. I do not even understand why they have a contract miner. It seems we are supplying the equipment, and he is getting the gravy.
However, this mine, if on the market, would be snapped up in a second by major mining concerns in the USA. All I can say is that I have been contacted by several large mining companies inquiring about this area and ready to lease coal.
Keep the faith. It is not a short term play, but it is dang sure a long term play either with CMK or other players.