Lets not forget unlike many (if not most) start-ups in minning be it coal, Gold, copper etc, usually have to find the resource, prove it up, and either are taken over or try to bring it on through either a joint venture with a larger partner or on their own.
In any case most start-ups have lots of debt, and or once they bring on the mine or oil field etc, they have large lines of used credit and debt. If the resource is solid the larger company will buy-out the mine, oil fields, etc knowing they will also buy-out with the debt.
The great thing to remember with Cline is they have absolutely no debt and lots of cash, and an unused CL. On top of that they are pretty much done with all their equipment capital expenditures, (like GCE did a few years back) and yet they still have zero debt. Take it one step further and on top of that the whole mine site and all facilities have been upgraded to current standards.
They have done this because they puchased the mine for a dirt cheap price I think less than 25 million, of which any start-up mine resource mine would cost well over a billion to bring on in this market.
This is why I purchased many shares because most large coal companies will look at this a year down the road, see a full working mine, all new and upgraded, new equipment, workers in place, approvals in place, safe place to be in the USA, so once they can prove they can take it out of the ground consistantly in volume this will be taken out in a heart beat.......again depends on how quickly they can show production.
Lastly, once production is proven the stock will show it's worth, on top of that a larger company will pay a further premium to buy-out, so yes we are looking at $7-$8 or more depending on how long this ramps before a major takes it out.