chart showing some iron producers have negative cost of production due to premium ore-ca 5/ton for every 5 over the 62% benchmark.

CWRN would probably get ca 20 million from the over 200k tons and growing 0-1mm waste product separated into sinter fines and fertilizer by the trommel- which I believe would exceed cost of production-
even if they have 500k tons of non waste inventory at 25/ton would be cost of 12.5 mill- Dont know how much non waste inventory -I've lost track using known ratios which probably change over time and w the transition to the veins etc.

Note: most of these companies have cost of pro below 25/ton -not surprising considering ore was only 10-14/ton til 2002-and cwrn is known to be careful w costs.