All indications are Bao is in charge of shipping a

All indications are Bao is in charge of shipping and is careful w shipping costs-last time they used a ship sent finished product to LA to bring ore back on return trip-as I've been posting for months was the likely scenario-so Bao is probably doing the same thing again-so CWRN is most likely waiting on a ship from Bao to deliver more finished products to the west coast .

Despite slump in shipping shipping costs are still significant-ore was only 10-14/ton til 2002 and yet shipping is possibly 13-15 for a Panamax and 20-30 for a Handymax unless its a return voyage-so ship savings are very important.

The following was in reply to bingos last post where bingo indicated imo that 1st option is to continue shipping because juniors need revenue-and as sunny noted one never knows how long prices will remain low even though agmetalminer said chinas internal cost of pro was 150/ton for chinas very poor ore (under 20% concentration now):

So the implication-since small co's cant live without revenues-is that cwrn would continue on course to ship-as the 1st option. Since Bob is always careful w money and gets deals on equipment (sometimes equipment deals grajekk has sent to look over) and is very good at the mechanical side -rebuilding his bronco himself-I thus assume cwrn's cost is far below the big boys cost and would thus still reap decent net income at todays prices.

Juniors cost is usually less due to less overhead and fewer expensive plants and often shorter trucking distance the chart of juniors costs I've posted many times shows juniors averaging under 25/ton cost,which is not surprising considering iron was only 10-14/ton til 2002 and they must've made a profit then at 10-14/ton - besides cwrn has extra revenue streams coming online from the 200k tons processed by the trommel ,as per last 2 PR's. Would be nice if they PR'd amount of revenue from the cement product. As per my calculations on revenue from trommel 200k tons (see sticky) that revenue would exceed the cost of production at the prices then in effect (ca 135/ton) by probably many million

But you(bingo) are saying as I understand it if necessary (the 2nd option) cwrn could wait for a little while for prices to rise again ,utilizing a ca 60-80k ton Panamax (or at least a ca 50-60k Supramax) -which is much less/ton to ship as you point out. I did a long list of calculations to determine a possible cost of a Panamax in Oct 2011, aided by a little bit of info from an engineer who works on those ships engines-and came out w a cost of 13-15/ton for Panamax shipping at that time to China from Ensenada. bulk shipping has experienced such a glut that many shippers reportedly have been renting the vessels for less than cost just so they can keep the vessels in operation rather than levying a large impairment cost,which a few companies have done.

the 3rd option as I understand it which some jumped on as the 1st option,would be to reduce costs and divert some equipment to alternative sources of income like the widening of highway 1 in Baja-which is only ca 5.5 miles from the Baja 14 mine at the intersection w the highway that borders cwrn's concessjon. So I'm just trying to clarify what you have said for the benefit of the sky is falling crowd. Anyway I'm glad consultant Bob knows a thousand times more about mining than I do.