There has been a lot of push and pull in the volatile iron market the last few years-w prices rising from the $10-14 base prevalent til 2002 to $192 last yr and experts predicting $250 so the big iron miners went stark raving mad on pcp- e.g, we saw CLF's Canadian iron cash costs rise to 106/ton and some domestic Chinese iron ore miners rise to 180/ton marginal costs-

and big miners illogically developed vast expansion plans-which they have now been retracting-most of them planning on acquiring the worldwide increase in demand all by themselves-showing big co's are just as prone to illogical thinking as pennies.

Then China cooled from 9.3% growth previous year to 7.7% this year and steelmakers dropped their inventory levels due to tight steel profits as China tried a balancing act between growth and inflation-and they are always tough customers no matter how incredibly inferior their domestic ore-averaging 15% iron--could always sell to a thousand small Chinese mills in lots as small as 5000 tons but they have a reputation for not paying once receive product (long story). Would be easier if CWRN could find USA and Mexican buyers,as it likely has for the 135k plus tons of fertilizer.