I see they matched and raised my $140/ton challenge-the following is a reminder:
this was the most undervalued stock at 1/2 cent -now its unbelievable-at .0004 total cap is $1,744,000 ---at .0005 total market cap is only $2.15 million,
at a PE of 15 (w penny stocks averaging possibly spec PE of 50-see my long posts on that) even ignoring any cement income stream,which last we knew was paying much of the overhead, with probable profit of 12 million, pps should be ca 4 cents
grajekk estimates inventory at 800k tons-which is very possible-certainly over 500k tons for a long time,and as per original ratios of 3-18/1-3/0-1 would be over 2.5 million tons now !
bingo said fert (probably well over 140k tons now-maybe 200k tons) was worth over 200/ton (implying 250/ton), 1-10mm is now ca 135/ton,and .5-1mm sinter fines are usualy 85% of 1-10mm price
140k tons fert by $200/ton is $28 million; 80k tons of .5-1mm sinter fines by $135 by 85% of price of larger fines is $9.18 million; 400k tons 1-10mm at $135/ton is $54 million
for a total of 91 million dollars in inventory alone for possible 620k tons inventory. If they have 800k tons and fert goes for 250 instead of 200,would be a lot more. Since they keep producing (shirley and sharon 10-24-12 and new website) they obviously plan on shipping soon
Note-the alibaba fert etc is often inferior not ready for prime time product by desperate sellers with no established connections, so they use alibaba as a yellow pages to advertise their inferior product-read past posts re CWRN's superior fert compared to low 1.73% iron Azomite which goes for high prices- CWRN has low sulphur and does not have high concentrations of bad stuff and has 55.5% iron in its fert as per independent tests posted many times
