* * 3 Members Visits CWRN in 2011 * *
Post# of 8054
Posted On: 06/10/2012 7:05:39 PM
* * 3 Members Visits CWRN in 2011 * *
Surogateson Visits CWRN/PanAm in DEC 2011
Bingo's for REAL!
Bob's secret weapon. This dog runs all over the mine finding the best iron. He pees on it to mark the iron deposits. Better than any drilling program, I think Bob's thinking about a patent and licensing system.
We had a very good day with Bob at the mine last Friday. Bob was very accomidating of a couple shareholders. We learned a lot and came away with a very positive impression of the progress made at the mine.
We got back from the mine after dark so we couldn't check the pile at the port Friday. We did pass three of our trucks moving at a pretty good clip.
We discussed this with Mr cotton during lunch last Friday. He indicated that the Mexican audits were just completed (with no problems at all) and he was not concerned about keeping export permits.
One of the benefits of having all local employees is that it has improved his relationship with the local control. He also talked about what great employees they were.
If Bob was worried about export permits he certainly would not be paying what he is to truck the ore to the port.
I believe this is a picture of iron ore fertilizer being loaded after it goes through one of the Terex Powerscreens. (at the mine last Friday with Bob's permission)
A year ago the debate on this board was whether or not CWRN was even capable of trucking this much ore to the port. Turns out (as Bob told me) that trucking's not going to be a problem - Shipping is the real trap. Bob got hit with $43 per ton shipping cost on the last shipment - He got HOSED. I can tell you that he's pissed and it's not going to happen again!
That's why he's working directly with John F, Dillon & Co. He refuses to get hosed again and expects to save a substantial amount of money on shipping.
There are dozens of iron mines all over the Baja. CWRN is the only one who has shipped out of Ensenada. Bob has it figured out and the others haven't. Bob has the FIRST export permit and has duplicated the process on number two. Most of the ore is at the port for number three (hopefully a bigger ship)
This mine - right accross the road from Baja 14 - just shut down. They ran out of money because they didn't know what they were doing. Maybe that ("In your face") reminder is one reason Bob's being so careful with OUR MONEY.
Bob allowed me to take a few pictures that I will share as I can.
Cotton & Western pile at the port was right next to the scrap metal pile at the number 2 loading. As a matter of fact they were loading the scrap ship at the same time as ours (with a different loading system).
Here's one looking back at the East section of Baja 14 from accross the river.
I feel safer in the Baja than parts of LA or Detroit - but it is Mexico!
------------------------------------------------------------------------------------------------
Johnynothumb and Temeku Visits CWRN/PanAm in March 2011
RECENT TRIP TO CWRN MINE,
I am a friend of Temeku999 and somewhat new to this board. I have been following CWRN on this board since late January after Temeku999 told me about this company. I wanted to be for certain this mine was real before making a considerable addition to my investment, so we drove down to visit it last week.
We left Arizona at 6p and arrived at the port of Ensenada at roughly 3a. At this point we were to hyped up to go to sleep so we drove around trying to get a view of the ORE at the port. It was simply to dark so we gave up that attempt and headed to the mine.
There was a lot of speculation on this board as to the road conditions but from what we witnessed it looks like they repaved almost all of it. Clear up to the mine itself.
We arrived to the mine at around 4:30a and took a video and a few pics posted below. As you can see this is a 24 hr operation. Look at that pile of ORE!! We then got some zzz's in the car and woke up to meet Bob at around 10am.
Bob gave us a fairly detailed tour of the property and I must say I was surprised at the amount of land usage Bob has to mine. He showed us step by step how the process works from scalping to crushing to mag seperation to finish product. He also explained how all the different peices of machinery and equipement works. He showed us a peice of land that has roughly 2,000,000 tonnes of iron ore deposits that was not stated in any previous PRs. Another huge bonus!
After touring the property, Temeku999 and myself were given a few Iron Ore rocks as souvenirs. I've already got mine on my mantle. smile What I really liked about the visit was that I got a general feeling that Bob is very passionate about his work. Every sentence turned into a hr long story. I'm a poker player and can usually tell when someone is full of it. Bob must have a good poker face if he's not really the CEO of this company!
Bob took us to lunch at a local mexican cafe and we talked a little about the fake buy out offer, shipping process and the CE. He told us he never had any interest to sell out but posted the PR to give the shareholders the right to exercise the option. He has no plans to sell out as he wants to grow this company. As far as shipping is concerned, once he puts down a deposit (roughly $400,000) the ship is then ordered and he is given a date, name of ship and when it shall arrive. The communication is relayed between the captain and the port agent. There is usually always a grace period 5-10 days that these ships can be late which is what we are seeing here. I noticed some of you were trying to calculate the revenue using a % but this is not the case. Bob explained that the higher the ORE content the better the price. So when figuring revenue an example would be 62% Finnes = $184/tonne. $184 x 42,000 tonnnes = $7,728,000. You do not multiply by 62% etc etc. As far as the CE, he told us he is working on getting it cleared up.
After lunch, (which Bob paid for),Temeku999 and I headed back to the port in hopes to grab some pics/video of the ORE piled at the port. This is where it got fun. Appearantly there was a city wide celebration which consisted of a parade miles long! We were stuck and stuck for good. Luckily we found a street that was not blocked and drove up to a ridge where we had a decent view of the port. Temeku999 took a short clip although its a bit shaky. Sorry about that.
To wrap things up, I would have to say I am confident in my decision in investing in CWRN as I see nothing but long term growth. CWRN is a speeding train that will surely be hard to stop IMHO!
.
.
Surogateson Visits CWRN/PanAm in DEC 2011
Bingo's for REAL!
Bob's secret weapon. This dog runs all over the mine finding the best iron. He pees on it to mark the iron deposits. Better than any drilling program, I think Bob's thinking about a patent and licensing system.
We had a very good day with Bob at the mine last Friday. Bob was very accomidating of a couple shareholders. We learned a lot and came away with a very positive impression of the progress made at the mine.
We got back from the mine after dark so we couldn't check the pile at the port Friday. We did pass three of our trucks moving at a pretty good clip.
We discussed this with Mr cotton during lunch last Friday. He indicated that the Mexican audits were just completed (with no problems at all) and he was not concerned about keeping export permits.
One of the benefits of having all local employees is that it has improved his relationship with the local control. He also talked about what great employees they were.
If Bob was worried about export permits he certainly would not be paying what he is to truck the ore to the port.
I believe this is a picture of iron ore fertilizer being loaded after it goes through one of the Terex Powerscreens. (at the mine last Friday with Bob's permission)
A year ago the debate on this board was whether or not CWRN was even capable of trucking this much ore to the port. Turns out (as Bob told me) that trucking's not going to be a problem - Shipping is the real trap. Bob got hit with $43 per ton shipping cost on the last shipment - He got HOSED. I can tell you that he's pissed and it's not going to happen again!
That's why he's working directly with John F, Dillon & Co. He refuses to get hosed again and expects to save a substantial amount of money on shipping.
There are dozens of iron mines all over the Baja. CWRN is the only one who has shipped out of Ensenada. Bob has it figured out and the others haven't. Bob has the FIRST export permit and has duplicated the process on number two. Most of the ore is at the port for number three (hopefully a bigger ship)
This mine - right accross the road from Baja 14 - just shut down. They ran out of money because they didn't know what they were doing. Maybe that ("In your face") reminder is one reason Bob's being so careful with OUR MONEY.
Bob allowed me to take a few pictures that I will share as I can.
Cotton & Western pile at the port was right next to the scrap metal pile at the number 2 loading. As a matter of fact they were loading the scrap ship at the same time as ours (with a different loading system).
Here's one looking back at the East section of Baja 14 from accross the river.
I feel safer in the Baja than parts of LA or Detroit - but it is Mexico!
------------------------------------------------------------------------------------------------
Johnynothumb and Temeku Visits CWRN/PanAm in March 2011
RECENT TRIP TO CWRN MINE,
I am a friend of Temeku999 and somewhat new to this board. I have been following CWRN on this board since late January after Temeku999 told me about this company. I wanted to be for certain this mine was real before making a considerable addition to my investment, so we drove down to visit it last week.
We left Arizona at 6p and arrived at the port of Ensenada at roughly 3a. At this point we were to hyped up to go to sleep so we drove around trying to get a view of the ORE at the port. It was simply to dark so we gave up that attempt and headed to the mine.
There was a lot of speculation on this board as to the road conditions but from what we witnessed it looks like they repaved almost all of it. Clear up to the mine itself.
We arrived to the mine at around 4:30a and took a video and a few pics posted below. As you can see this is a 24 hr operation. Look at that pile of ORE!! We then got some zzz's in the car and woke up to meet Bob at around 10am.
Bob gave us a fairly detailed tour of the property and I must say I was surprised at the amount of land usage Bob has to mine. He showed us step by step how the process works from scalping to crushing to mag seperation to finish product. He also explained how all the different peices of machinery and equipement works. He showed us a peice of land that has roughly 2,000,000 tonnes of iron ore deposits that was not stated in any previous PRs. Another huge bonus!
After touring the property, Temeku999 and myself were given a few Iron Ore rocks as souvenirs. I've already got mine on my mantle. smile What I really liked about the visit was that I got a general feeling that Bob is very passionate about his work. Every sentence turned into a hr long story. I'm a poker player and can usually tell when someone is full of it. Bob must have a good poker face if he's not really the CEO of this company!
Bob took us to lunch at a local mexican cafe and we talked a little about the fake buy out offer, shipping process and the CE. He told us he never had any interest to sell out but posted the PR to give the shareholders the right to exercise the option. He has no plans to sell out as he wants to grow this company. As far as shipping is concerned, once he puts down a deposit (roughly $400,000) the ship is then ordered and he is given a date, name of ship and when it shall arrive. The communication is relayed between the captain and the port agent. There is usually always a grace period 5-10 days that these ships can be late which is what we are seeing here. I noticed some of you were trying to calculate the revenue using a % but this is not the case. Bob explained that the higher the ORE content the better the price. So when figuring revenue an example would be 62% Finnes = $184/tonne. $184 x 42,000 tonnnes = $7,728,000. You do not multiply by 62% etc etc. As far as the CE, he told us he is working on getting it cleared up.
After lunch, (which Bob paid for),Temeku999 and I headed back to the port in hopes to grab some pics/video of the ORE piled at the port. This is where it got fun. Appearantly there was a city wide celebration which consisted of a parade miles long! We were stuck and stuck for good. Luckily we found a street that was not blocked and drove up to a ridge where we had a decent view of the port. Temeku999 took a short clip although its a bit shaky. Sorry about that.
To wrap things up, I would have to say I am confident in my decision in investing in CWRN as I see nothing but long term growth. CWRN is a speeding train that will surely be hard to stop IMHO!
.
.
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