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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by cokeexperton May 09, 2014 11:32am
363 Views
Post# 22543955

Coal Sales

Coal SalesThis is all well and good.  Trouble is, the mine economics don't work for prices below $120/ton.  Selling this amount of coal at whatever low price they will receive is like Microsoft selling only bubble gum to get by...coal needs to be sold at met coal prices to stand any chance of LT success.  It is hard to see how it is even worth while to pay salaries to mine such a minor volume...seems like this is just a band-aid on a gushing wound.
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