Thanks for keeping us updated on the ore price
Post# of 8059
Thanks for keeping us updated on the ore price iggy. To answer peoples questions, I have no real idea why pps suddenly jumped-suddenly had large orders at 20 and-22- 2 guesses -the robot jacobmoore w the poor google translation from another language obviously,is probably a front for some buyers trying to lower the pps so they can buy cheap has been my guess (because poor translation would be typical of something you might see from a highly divergent language group like china and small chinese mill buyers have even used stockholders who post on the boards to use their "influence" w CWRN to get a contract -not knowing such posters had no such influence) -could be wrong on the jacob thing -havent researched it- but if so maybe they thought they had better not press their luck and the pps was possibly in their opinion about as low as it would go -perhaps they know something we dont. Also possible cwrn could start a buyback at some point--but I have absolutely no inside knowledge of such a thing. Since bashers were making a point of why 45k tons of ore were still at port and I said "its mexico-I'm not going to stand on the head of a pin to guess why the mex govt does what it does but things usually get resolved, I note the following re another Mexico miner Aug 8 (Reuters) - Silver miner Excellon Resources Inc declared force majeure on concentrate delivery contracts in Mexico due to a month-long blockade by members of a local land cooperative at its La Platosa mine. Force majeure is a contract clause that allows a company to miss shipments due to circumstances beyond its control. The delivery contracts were with Consorcio Minero De Mexico Cormin Mex, S.A. DE C.V. The mine will remain under care and maintenance during the blockade, the company said in a statement. Shares of Excellon, which has a market value of $133.8 million, closed at 48.5 Canadian cents on Tuesday on the Toronto Stock Exchange. Hey its Mexico where a lot of strange things happen-but the cost of mining in Mexico is much lower than in the U.S or Canada. A long time ago Bob had publicly noted the enormous cost of opening a mine in the U.S due to all the regulations there-perhaps ca 3 million in just permits to open a mine in the U.S-so there is the good and the bad.
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