Wednesday, January 26, 2011 9:14:11 AM
Just received an email back from Bob with an update on the status of Baja 14 production:
1) The company started real-time processing which essentially generates ship-ready iron in one combined, efficient process. Some close-ups of the set-up can be seen on the pics. This further enhances the output of Baja 14 production.
2) An additional night work shift will start tonight. Some of the light structures can already be seen on the pictures with more scheduled to arrive, totaling 8 towers of 4 powerful 1kW lamps each to allow full-blown work through the night.
3) Trucking of ready-to-sell iron to the port is scheduled to start this week with the first, flagship shipment inevitably following shortly thereafter. I expect the company to provide a formal update on the status of trucking and shipment in this month's PR.
Overall, in light of recent CWRN's activity, it is not surprising that PPS is persistently climbing up. This is a real company that will be in business for a long time, making millions of dollars, selling tons upon tons of today's hottest commodity. There is no other PinkSheets company like it. None.
Some members of this board were concerned about the company not meeting their $32,000,000 revenue projection for this quarter due to delayed negotiations of shipment details. Personally, I will happily take $25M or even $20M in this quarter. It is, after all, the quarter that serves a vital transition between production and actual revenue, it is expected to be bumpy. The important thing here is that the company is obviously gearing up for much more than $32M quarterly sales. Fine-tuning and optimization of the production process as well as addition of a whole new work shift, even if it had to be at night, tells me that CWRN is strongly intended to bring itself up to a rate of two 75,000 DMT shipments a month, as they had originally projected for 2011. It looks like our $32M projection will still stand in the second quarter, but this time it might just be per month...
Good luck to all!
Especially to those of us who stuck around, and despite all the noise and doubt managed to discern CWRN's true potential.
i.t.m.d.
This post is my personal opinion. I do not provide investment advice.
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