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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > No debt folks...
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Post by superstar1976 on Jul 11, 2012 10:35am

No debt folks...

the asset is not disappearing.....this is a good opportunity here to average down.
Comment by Eigen337 on Jul 11, 2012 10:40am
This post has been removed in accordance with Community Policy
Comment by GUNSS on Jul 11, 2012 11:18am
One has to recognize the compelling optionality in the stock price at .40.  There are 235 million fully diluted shares x .40 = $94 million market cap + $50 million of 10% notes equals an Enterprise Value of $144 million.  Let's say that an additional $25 million of 10% debt is taken down and another 5 million options/warrants are issued.  Then, 240 ...more  
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