CWRN also has mountains of ore ready to go-and as
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CWRN also has mountains of ore ready to go-and as Rocket posted from Shirley fertilizer export permit expected early November
300 million tons is surprisingly small for a large countries largest iron ore mine especially as Mexico is a veritable ore house-so CWRN could easily be in the running for largest Mexican iron mine if things pan out.
Since those Chinese steelmakers have been buying everything they could I presume Bao etc would like to buy CWRN if CWRN was willing-though CWRN hasnt been willing in the past-see bingos "I'm a miner" post.
But I always marveled at how Pres of Bao Brazil was so personally involved in the mine as if they were large stakeholders or JV partners-which they eventually may be.
still most undervalued stock anybody can find- .0009 pps at a PE of 15 probably assumes a net income of less than 300k-when there should be probably 12 million net income so far. Pps should be ca 4 cents at a PE of 15.
Presumably the cement product trucked to CEMEX Ensenada plant is still paying much of the overhead. But the big boys cant find it w the ce, as shorters knew when they fraudulently shouted newsletter promo jan 2011-its been a continuing lesson in the rampant manipulation that comprises the market.
300 million tons times 5/ton (the most recent trend for in ground iron ore deposits- though such dont go on the balance sheet) is 1.5 billion dollars as you say-10 cents per share would be ca break even for all the time I've put into this.
When they uplist this puppy it should rise fast as it was doing in Jan 2011-85%/day thus resulting in the shorters shout fire to otc of newsletter promo-and otc personally told me they looked at charts-how it was rapidly rising every day -gapping up every day -even intra day
so they ASSUMED there had been a massive newsletter campaign- heaven forbid that any penny stock should actually make a breakthrough without one of the "helpful' kill those longs non regulatory or regulatory players in an admin hostile to small business putting a stop to it without any proof of newsletter promo at the time -and CWRN noted in Jan 2011 PR that there had been no promo at the time.
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