You are referring to the high shipping cost for th

You are referring to the high shipping cost for the 2nd ship (Loreto which left Aug 8) arranged by Geo I assume. Thus in the Sept PR CWRN announced they were hiring a shipping expert from Dillon co (sp) -and Dillon was working for them til Bao suddenly took over shipping responsibilities ca the Christmas vacation as near as I can figure.

With BaoSteel-2nd largest steelmaker in the world- in the picture its not near as important to have a commodities broker-w spot (market) pricing everybody pretty much knows market price and so it becomes mostly a matter of Bao and other large steelmakers finding new sources of iron. Grajekk posted re Chinese Wuhan Co (next after Bao in terms of size I think) buying a 40 or 60% stake in a Quebec iron co and planning on spending 2.6 BILLION to build a 850km rail line and buy 98 locomotives and 7200 rail cars just to get interior ore to port!!!

Below are some of CWRN's inventory piles from May. With all the new machinery added in last year it would be interesting to know the production figures. Tough market today-blue chips following the leader in the global geo political economic game-

but longs are holding tight-very low volume-shares are priced way below book value-shares are priced at only 1/3 of book value if 30 million net assets-(anything below a book value of 3, which would be a pps 9 times higher than present pps, is considered a value stock-so we await financials and uplisting or at least upgrading so we can kick market forces into gear here) and 200k tons recently processed by the trommel could bring 20-50 million in sales-depending on whether fertilizer is sold as is or further processed-and thats a waste of waste product! Plus there are large piles of main products. Need to speed up shipping-the biggest logistical problem-and even Bao is being careful w shipping costs.