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  4. Cotton & Western Mining Inc. (CWRN) Message Board

so lets calculate this: the veins are up to 67%

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Post# of 8059
Posted On: 03/12/2015 10:05:28 PM
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Posted By: microcaps
Re: microcaps #7454
so lets calculate this:

the veins are up to 67%- we saw 67% readings on Sharons handheld meter in pics) and 64.5% from SGS lab analysis -

and remember CWRN bought a very hardened custom built magnetic separator -old CWRN website said mag sep could increase % from 3 to 7%

so if CWRN shipped 64% ore lumps at

60/ton for 62% benchmark

1.40/ton for each % above 62% bench so add 2.80/ton for 64% ore

.295/ton (figure earlier)- for each 1 % iron content for lumps x 64 = 18.88/ton

theres a premium for lump ore because its easier to burn in the furnaces- fires need oxygen- the smaller fines dont allow enough oxygen around the small particles to allow for best burning so steel guys have to add other products to their sinter fines to burn them better

so CWRN would get 60 plus 2.80 plus 18.88 = 81.68/ton for 64% lump ore ( the bigger sized particles- the smaller sized sinter fine particles dont burn as well in the furnaces so the steel guys have to add products to the sinter fines to burn them)
remember the SGS analysis I and Rocket posted many times was 64.5%

ALSO- Western Oregon, Western Calif,Western Washington are very liberal -so they are excellent markets for the kind of organic fert CWRN has- a market which is growing


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