ore was only 10-14 /ton til 2002,so most juniors i

ore was only 10-14 /ton til 2002,so most juniors in this chart of ca 18-24 months ago still have production costs below 15/ton- CWRN's is no doubt below 10/ton and when they sell the waste fertilizer,they will have negative cost of production,as sale price of the fert waste alone should easily exceed cost of production to date,plus the waste .5-1mm sinter fines is also available to reduce cost of pro

big companies spend a lot more on infrastructure and sometimes much longer trucking distances-and some went crazy last year w prices peaking at 192/ton-with CLF cash Canadian costs at 106/ton, Fortescue marginal ca the same,and one article reporting some domestic Chinese co's at 120-180/ton -some in underground mines w as low as 4% iron

so as long as ore stays well above 2002 levels there should be plenty of profit-the biggest cost by far is sometimes shipping-which they hoped to reduce to 16/ton w a 50-60k Supramax or possibly even lower w a 60-75k Panamax.

Fertilizer last we knew would be going to USA-possibly Portland Oregon-and they intended to ship that first while working on the port delays re the regular iron product.

Cement product trucked to Ensenada Cemex plant was paying most of the overhead last we knew while they deal w the govt over permits and port fees.