I am glad you are posting the daily benchmark pric

I am glad you are posting the daily benchmark prices-if people will look in Maxs dd compilation they will see iron prices were only 10-14/ton til 2002

most juniors have a cost of production below 25/ton so that still leaves a large profit

and cwrn has over 200k tons of trommel processed waste of waste,which is worth ca 20 million-which has to be greater than cwrn's cost of production,leaving cwrn w a net negative (thats good) cost of production-see my sticky

thats not surprising when some juniors have negative cost due to premium ore alone-without extra revenue streams.
A long time ago cwrn noted the cement product alone was paying much of the overhead