From everything we know CWRN continues production and last we knew trucking to Cemex Ensenada plant was paying much of the overhead-see public posts by bingo here and on other boards. Due to the tremendous amount of inventory etc I assume they could get a loan if necessary also. Dry desert conditions are perfect for iron production. They are no doubt aware profit margins may decline in a few years as more mines come online to take advantage of this currently very high profit commodity.

Maybe Sunny could send another email to Bao re their planned pickup of the 45000 tons at port etc-Thank you Sunny for taking the initiative to communicate w Bao in your previous emails to them

Posted By: microcaps