After the Loreto left August 7 2011, CWRN hired sh

After the Loreto left August 7 2011, CWRN hired shipping experts John F Dillon and Company as their shipping facilitator/specialist-so their name might have on bill of lading also if Bao hadnt stepped in -but then reportedly Bao paid for 60k tons of ore in Dec 2011 (I didnt report it and it was a huge departure from usual practice) and took over shipping responsibilities.

Shipping is a whole other business and Bob was disgusted w the shipping sharks in dealing w the 1st ship-not sure how the division of responsibilities for 1st ship was divided between CWRN and Geo,though Geo claims in its complaint that 1st ship was 6 months late,calling that a breach of contract.

Well, CWRN didnt even receive the custom magnetic separator until Dec 23 or 24 ,2010 and then the 2 week Mex Christmas holiday lasted until Jan 7,2011. Kriton arrived ca Mar 23?,2011 and left Apr 2,2011 after being bumped once or twice for container ships, which have priority.

The custom made separator was delayed a long time -the manufacturer had problems putting all the elements together (e/g had to use a larger engine than originally planned) and had delays in getting parts from sub suppliers-its called the everyday real world.

The great majority of these startups seem to fail and the CWRN mine,in achieving successful operations, through a combination of investor funding and equipment and CWRN's expertise was a rare feat in the mining world in particular and startup businesses in general.

But they had to fight Mr Murphy every step of the way under very real world conditions as itmd had remarked-itmd had pointed out the extremes of murphys law CWRN had to deal with,calling it almost unbelievable. It takes a lot of patience and other qualities to achieve success w these things.

Successful entrepreneurs only succeed after failing an average of 6 times.  Some aggressive entrepreneurs who like challenges like to cap their careers w mining startups just to see if they can do it because it is so difficult.

>> Sept 29 2011 Remedial Drilling Underway at Mina Guadalupe
Quote:

Shipping Update: Bulk vessel shipping is currently on hold, pending the evaluation of cost savings on shipment size. The first two shipments of Guadalupe raw crude iron ore were delivered via HandyMax at 38,500 and 36,000 dry metric tons of ore, the latter shipment ended at a cost of $43.00 per wet metric ton of product. Shipping cost has recently decreased, primarily on larger capacity vessels; therefore, Management has asked the John F. Dillon & Company, LLC., to assist in finding and negotiating the best Seaborne dry bulk freight rates available. A decision will be make within the next couple weeks to either ship numbers 3 and 4 separately in HandyMax or combine the two shipments into a SuperMax at 58,000 WMT or a PanaMax at 70-75,000 WMT shipment.