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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > operating costs
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Post by miner8740 on Jul 16, 2012 9:29pm

operating costs

for present work force and benefits of layoff workers plus power to run fans and pumps

monthly benefits fpor layoff work force is approx 1 million

monthly salary for current work force and management is0 .5 millionpower and fuel 0.1 million

total estimated monthly costs while on care and mtc 1.6 million

with the possibility of no production within the next 12 to 24 months, working cap needed will be approx 18 million to 36 million, where could this money come from, maybe another share offering

ozzies has thir hands full and legs ties

Comment by sunshine7 on Jul 16, 2012 10:52pm
Burn rate .9M/mo.... caash and equivilent $29M. That is 32 months of security. In the meantime, if they can settle with BC gov, it can only grow. I think we got some answers tonight.
Comment by arhuomam on Jul 16, 2012 11:00pm
Hi sunshine7,   If you do not mind my quesion. What do you think will happend tomorrow morning after this news? Open high or low,,,,   Thanks
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