Revenues-3rd and 4th orders of ca 60k tons -CEO Bo

Revenues-3rd and 4th orders of ca 60k tons -CEO Bobs posted email-paid for by buyer at port-most likely Bao-because Bao had an interest in CWRN jump starting more equipment/larger production and wanted to use larger ships to carry multiple orders for a large savings in shipping costs. Besides a small steel co is not going to pay before shipped and sometimes play a game of chicken(sue me if you can) after shipped, as we saw w the 1st ship-always things to learn in the dog eat dog world.

This 60k tons was -independent source-ca 140/ton-which was spot at time-and CWRN based on spot as noted by Nov 17 PR etc-spot pricing is the common pricing regime last 2 years based on actual market contracts-CWRN vein ore has tested as premium -even on 1st ship which wasnt from the veins-before they acquired 1st 68 drill hole results-they had 58 and 62% plus ore-the 2 benchmark standards

The probable 4.2 million profit from this went to more equipment--every spare nickel has been reportedly going into equipment/operations-which we have seen from pics- to expand operations and products-so they can obtain additional revenue streams

1)exotic looking cat 8 dozer-have 3 cat 8 dozers if I remember right from the equipment list in the stickies

2)heavily customized heavy duty trommel w heavy duty components -would cost 1.5 million new (grajekk)-has been processing 200k tons of fertilizer and pellet feedstock byproducts

3)Terex 400 loader w double capacity of CWRN's other loaders -for loading trommel etc

4)additional drilling w larger drilling equipment to begin calculating proven reserves-a big step for a lot of things

5)environmental compliance and associated structures seen in the pics
6)other equipment-feel free to mention additional equipment u guys saw in the pics since Dec

7)there were additional dozers, a 2nd cat 740 hauler (would be 800k new) along the way-but this shows how a large proportion of every sale is going into more equipment to speed up production and create additional revenue streams

8)2 cat 330 excavators-these are much larger than the original 4 leased excavators,also added very large cat 365 and cat 375 excavators last fall-grajekk had said the cat 375 w ripper bucket could triple production alone
9)more dozers