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Cotton & Western Mining In CWRN
Posted On: 09/04/2012 12:43:07 AM
Post# of 8059
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Posted By: microcaps
Re: grajekk #2422

Not a Mexican holiday so they must be working as they do 6 sometimes even 7 days/week-last we publicly heard running all 3 screens to process mountains of ore. Due to iron spot decline last we publicly heard they are waiting a little bit longer -maybe end of sept -for a bigger ship and thus cost savings on shipping


Notice one of the articles I posted had a graph showing that steelmakers inventories had fallen for last weeks despite the amount of ore at ports.


Also since ore price is now unprofitable for the higher cost domestic chinese producers for their poor ore -which have a cost from 110-150/ton -Kubi's article and agmetalminer--as low as 4% and sometimes in underground mines, that means they should slow or shut production which would naturally increase price again as an article posted by Kubi on other board pointed out.














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