I just got an auction alert today from Iron Planet

I just got an auction alert today from Iron Planet. If we only would have had a crystal ball last year when ore prices were up, we could be picking up heavy equipment for a dime on a dollar today. I spotted a 345 Cat excavator/low meter hrs for only $36000 on the bid, with less than 20 hrs to go on the auction. You can't get a late model Cadalac for that..LOL!

 Also a D11 behemoth dozer, and although older, it is still not fetching anything near what it is worth.  Only $100,000.. Any D11 dozer that still is able to move under it's own power was attracting half million dollar bids this time last year.. After knowing what Bob's mechanics did to refurbish the 375 excavator, I wonder if they would be up to the task with the big dozer.  It might cost another hundred grand to rebuild, but you have a million dollar dirt pusher when you are done. I'm hoping CWRN has a few pennies stashed away for the Ritchie Bros Wyoming mine equipment auction coming up at the end of the month. You gotta buy when everyone else is selling and sell when they are buying.. Fingers crossed something is going to pop shortly for shareholders.

 I'm surprised the big iron producers aren't shutting down mines right now.. They have to be losing money, and if they aren't then CWRN still has a lot of wiggle room..