Cline Mining Corporation T.CMK

Interesting reads about BHP etc

[godman]

That is why I am so bullish on CMK, even with the delays etc. There is a shortage of met coal PERIOD! We have 400 million tons of RECOVERABLE met coal. That would run most steel mills for 50 years!! It has been good no one has made a pass at us in these shatty markets. I would hate to see us go at $4 when we should really be at bought out at $12 plus. I hope we get the rail spur done with our latest infusion of cash. The continuous miners and support equipment cost $11 million each so that eats up money quick. To think we gave up Lossan for 4 machines, makes my blood curdle, but hopefully this brings us to full production so we can get some finalization on some contracts.
It just amazes me some steel company doesnt buy us out before BHP or Xastra does and then they have to pay trough the nose for their coal. Patience and accumulation. JMHO

[cooper90]

IMO no major will dish out 1 x billion or $4.50 a share on CMK until they see the mine is operational and can do the numbers to make a dent on their numbers....doesn't make sense. They are waiting to see this start to perform, and are willing to pay more when they know it's a working mine with some volume....the majors have billions on-hand and are cash machines....double this or $9-$10 is

[godman]

Good points Cooper, but a major knows the resource is there and they know how to mine better than CMK. To put in a 20 k rail spur with a bed already there is peanuts to them, probably some of their yard tracks are longer than that. The permits are in place, they have a port to ship from, why pay 100s of millions more for the production to be brought up, seems like a bad strategy for a major.JMO

[cooper90]

Hope not because I am not willing to give up my shares for $4, may of us purchased mid-late last year and this would not be a pay-out I would endorse.......I would vote it down hard.