NET INCOME IS PROFIT,for the challenged. The publi

NET INCOME IS PROFIT,for the challenged. The public spot price has ranged from 118 to 191.90/ton ever since 2011.

150/ton is China's internal cost for production (agmetalminer.com 12-13-10) since their ore averages less than 20% (recent pbs? documentary-as low as 4%-ibid) -often in underground mines-so agmetalminer said 150/ton should be the near term floor for spot-absent speculators games- what WOULD we do without games?

why would internal mines even keep producing over long term if China could get ore more cheaply on the international market?

Jr miners average production costs are usually under 25/ton so add shipping and trucking (ca 9/ton but probably falling -from May 2011 PR when oil was higher and had 1st trucking contract)of say 29/ton leaves cost of ca 54/ton -average spot since 2011 of ca 155 so that would leave a profit of 100/ton-and even now at a ca 2 year low of 118 a profit of ca 64/ton.

But to be very conservative because I dont know what other startup costs might have been I've been estimating much less profit.

Ore was only 10-14/ton til 2002 so u can see why profit margin is huge.
CWRN profit est at ca 12 million based on my dd and publicly avail info in PR's etc