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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > Elgen are you mentally challenged???
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Post by godman on May 27, 2011 11:25am

Elgen are you mentally challenged???

They brought this mine into production under $100 million! Who in Gods green earth brings a MINE INTO PRODUCTION for under a $100 million dollars??!! They did not figure the rail spur in 65 mil estimate and operating costs for first year. Most companies spend that on BFS and envirnomental studies!! You want to replace management with who some one who has brought a mine into production in THREE years and will be up to GCE production level within 2 more years?? We will be making money hand over fist in TWO YEARS because we have NO DEBT!!!
Seem 20 mutual companies and Institutes think things are just hunky dory here, along with many others. 
So show me an incompetent management that has ever got a mine into production, raised $170 million and has only 200 mil shares and will have revenues to the tune of $800,000,000 per year in 2 years, with no DEBT and I will eat your shorts. Even at $50 a ton profit that is $150 mil profit or .75 x EP of 10 is 7.50. Increase profit to a realistic $100 and you are talking $15 a share in two years. Thank you very much. Looks like someone is doing the math today. JMHO
You have to be a novice to even post such stupidity.
Comment by Eigen337 on May 27, 2011 12:01pm
This post has been removed in accordance with Community Policy
Comment by liftingislife10 on May 27, 2011 12:09pm
I agree calling names is childish... Here is my opinion of taking on debt from a previous post of mine...Just an opinion though!Management could have took on debt to finance the rest of the developing operations, but whats the advantages of this? Tax benefits? They have enough deferred tax assets at the moment from all of the accumulated losses over the years. Don't need ...more  
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