I agree-if Brad /Ivonne turn out to be the real deal we could have a good ride after already experiencing every shorter conspiracy imaginable-
list of officers due 6-30-may start getting sec registration statement, financials and prospectus soon after-which will result in removal of broker and dtc restrictions and probable upgrade to otc current classification while waiting for uplisting
I estimate costs-including shipping/trucking at 45- so still very profitable if JV not withholding receipts
4.361B O/S so 4.361 M after 1000:1 r/s
no new blood for a long time due to dtc and ce and lack of financials and sec/doj etc games-all those problems will be solved so a lot bigger investment pool-also many wont buy at such a low pps- the swampland complex
also, a lot of bashers focus has been Bob-so without Bob how are they going to justify their continued attacks??????
they have scores of millions of dollars inventory at sale prices
have a capacity right now to produce a panamax shipload every 2 months plus huge inventory-200000 tons plus fert /sinter alone
w backlog of inventory and full production could ship a Panamax every 40 days-NOT saying they will, but could
iron has been ca 105-175/ton this year and last I heard analysts were expecting ca 135 this year and next-dont know if this is affected by recent price fall
say five 70000 ton Panamax like Ilia in next year at an average of 130/ton (analysts have been predicting) is $45,500,000 minus 15,750,000 all in costs is $29,750,000 profit divided by 4.361 M shares O/S post split is 6.82 profit/share-
at 125/ton price is 28 million profit or 6.42/ O/S at just a forward PE of 10 would be a logical pps of 64.20- big boys have a PE of 8-12 but juniors have a higher PE w less overhead
PE of 10 is paying for 10 years of profits-before the great recession PE's were averaging 30 in some sectors- investopedia now says PE's average 20-25 across the market -of course PE's vary among industries
just average 2.5 Panamax/year would be 32.10 pps at PE of only 10
Mex govt has really caused problems in past 2 years w all the overbroad games designed to catch illegal mines-see 6-25-12 PR- but CWRN won its case against the govt for quarantine of ore -due to govt prematurely cancelling export licenses countrywide (unheard of) in Dec 2011 just before they were going to ship and requiring a new series of audits countrywide
hard to believe but w only 4.361 M O/S-unless issue shares which they wouldnt need to do except to expand operations and drilling-because they have scores on millions of ready made revenue in existing inventory
A/S will be 500 million-see Kiliwa Mining Group NVSOS -quite normal to allow room for issuance for acquisitions etc-
and as long as what the Co gets in RETURN for stock is equal to market value -there is no dilution-but penny traders are not usually aware of this concept due to the culture of fear constantly cultivated by the shorters in harping on SS and crying wolf
