At this pps companies rarely have any revenue, let alone any net income--CWRN has probably had 12 million net income-which I have backed up w a lot of info-its called dd-compiling info from publicly available sources-simply posting satirical questions without proof doesnt change the publicly available facts.
The point of all this is this is the most undervalued company for the pps,which nobody has been able to successfully challenge. Unlike most companies at this pps this is a real company.
Somebody posted weeks back that order 5 of ca 20k tons had been paid for-so net income now probably 12 million. And 43829 tons of port ore shipped June 13.
I've seen stocks as high as 50 dollars plus pps w large NEGATIVE income. The Penny world-like quantum physics -is strange-their pps (as low as it is) is usually astronomical compared to income- w equivalent PE's -based on future SPECULATIVE income of 20-1000 plus.
How do u figure the ratio when the income is negative-I've seen pennies as high as 1 dollar/share w book value as low as a negative 15 dollars-meaning each share is worth negative 15 dollars in real world "assets" otherwise known as liabilities.
We never saw any financial statements like this when I was ,inter alia, getting my accounting degree. When my friends finally dragged me into pennies and I began reading thousands of penny financial statements I was shocked- it seemed like 99% of low priced pennies were bankrupt. One company had 50 million in debt and only 5k in assets and had uplisted to OTCQB-how?
Cf that to CWRN- which, including inventory-could have a net assets/stockholders equity as high as who knows-the 200k tons of trommel processed product alone could bring 22 million as is to over 50 million if the fertilizer is processed via an onsite plant.
200k tons by 35-40% iron chips is average 75k tons at wild guess of 110/ton as part of 180-200/ton pellet feedstock is 8.25 million plus 100-37.5 minus ca 15% waste is 48% fertilizer-as is at 90/ton is 96k tons is 8,640,000 for a total of ca 17 million of waste product alone which has been in the process of being processed by the trommel
-but if fertilizer is processed as per an onsite processing plant they could get ca 325-550/ton-which would be 31.2 million to 52.8 million less cost of such plant amortized
4.361 B shares O/S divided into the guess of only 11.25 million net income (see previous post not counting cement revenue) is .00257968355 net income/share.
So at a PE of 15 that would be a pps of 3.869525325 cents and this does not include the income from cement etc byproducts
This of course increases w each sale in the high profit industry and this ignores the income from other extra sources like the cement trucked to the Ensenada plant
A pps of .0025 yields a market cap of 11 million-which is far less than the inventory is worth! .0015 is a 6.5 million market cap.
this alone proves the incredible amount of manipulation experienced in pinkie land which is 1 of the reasons they've been working on uplisting to at least the OTCBB
at a PE of 15 pps of 3.869c divided by a pps of .0027 is only 1/14.329 of what pps should be and thus assumes an income of only 11.25 million dollars divided by 14.329 or 785,000 net income!!!!!!!!
A pps of .0015 assumes a net income of only 431,000!!!. The net income from 1st ship alone was several million as per Apr/Mat 2011 PR's paying off 75 5 of investor cash contribution of several million w only 305 of the revenues.
Public spot and jr miner costs are public knowledge and posted many times.
and ignores future income (and cement byproduct income)-which should be several times greater -as we have seen from huge mine expansion and millions in additional equipment plus coming extra income streams
Note CWRN pps had risen as high as 3.15c before first ship -before any revenue=and is now only 4.3% of that pps-at .0015.
(pesky numbers keep changing)
When you finally find a rare penny co breakthrough like CWRN and yet pps falls like this-before the latest fall -its a twilight zone world-and answer is to file current financials and uplist to escape this bizarre world/manipulation-unless big investors realize how undervalued this is.
the iron ore business is known for its current high profit margin-as I said spot is public knowledge and so is average jr miners cost-so most jr miners have a profit margin exceeding 50%-many greatly exceeding 50%. Some have negative cost due to premium ore -even without CWRN's coming and present extra income streams
Remember these pennies probably have a SPECULATIVE FUTURE income equivalent average PE of ca 50-then once co's have net income the parallel universe of penny traders punishes them-I have yet to understand the logic-especially when most of these low priced pennies never achieve net income and fail.
There are many reasons which we are aware of-games by otc/dtc/mm/brokers/shorters/restrictions by brokers- they say because pps is below 1c and no current posted financials.
Without current posted financials many brokers restrict buying as part of a new effort starting in 2011 to eliminate low priced pennies and many potential buyers have been standing on the sidelines waiting for posted financials before buying- and the improperly imposed by non regulatory for profit otc classification (based on shorters shout fire of a promotion which never occurred) is also a large drag.
So we await the promised uplisting w its audited financials
At this pps companies rarely have any revenue, let alone
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