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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by EOIMon Sep 16, 2012 4:06pm
260 Views
Post# 20373612

RE: RE: Why I bought 200,000 shares of CMK on Frid

RE: RE: Why I bought 200,000 shares of CMK on Frid

The key reason why I invested in it is that I couldt find another junior in TSX to invest in that wouldnt need more than $500 million in CAPEX to fund construction. CMK I believe has secured all the permits in place and already have rail and loading facilities in place and export terminal secured. The coal I believe from the recent analyst tour is real and not forged. The debt load is also not too bad since the company was able to raise more than $150 million through equity the past 1 to 3 years to move the project forward. The primary risk is coal price and securing offtakes. I believe any good news on the offtake front with long-term contract secured could send CMK above $1.

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