Cotton & Western Mining Inc. (CWRN)

[Anvil]

Yes, they are looking to raise capital, but what I found interesting is the economics of the four ships for the JV, the profits from the shipments are as follows:

1. shipment one, $1,069,936
2. shipment two, 1,152,032
3. shipment three, 499,230
4. shipment four, 239,775

No wonder GEO did not want to ship the last two per the court filings. But it does confirm also that the JV iron ore mining costs are $50-$55/ton.