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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

Metals & Mining Industrial Metals & Minerals

TSX:CMK - Post Discussion

Cline Mining Corporation > Latest news
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Post by cokeexpert on Jul 21, 2013 11:06am

Latest news

Yes, coal was sold to a broker for about $35/ton.  4-5 unit trains.  That's about 1.5 million bucks give or take.  Economics of the mine don't work at $35/ton.  Met coal sales and prices are a must or the mine cannot continue long into the future.  The mine must find a customer or buyer with a long-term outlook,  Thank you.
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