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Re: xracer1957 post# 43768

Friday, 05/06/2011 1:20:39 PM

Friday, May 06, 2011 1:20:39 PM

Post# of 91121

Thank you Detailman for this ... Interview with Bob;

1) Bob please tell me a little bit about your education, background with iron mining, and management experience.



I attended school on the GI bill at North East Louisiana State University, eventually turning my studies to welding & metallurgical engineering, working for Alyeska Pipeline Company in the early to mid 70’s and ending up as the Senior Welding Engineer in charge of the Trans Alaska Pipeline remedial welding repair program. For most of my career I was involved in the pipeline industry. Early on I had occasion to visit Chinese steel mills that were making plate to be rolled into line pipe for the oil and gas industry; they were always asking me if I knew of any iron ore deposits in Mexico, since at that time I was involved with a large pipeline project being constructed by PEMEX. I started Cotton Houston, Inc. in the early 80’s, a pipeline service company that by the early 90’s was one of the largest in the industry, in 1992 I shut the U.S. operations down due to personal problems and worked through my international unit until 1997, when I was asked to head-up Trans-World Mining as the President of company, there I used my Chinese contacts to set-up annual fixed contracts for the company, shortly after that I acquired Western & Pacific Mining on my own and then in 2005 turned that company into Cotton & Western Mining, Inc. where we developed a couple iron ore projects in Mexico under a Farm-in contract. In the latter part of year 2006 we took on some mineral rights in the Philippines and in 2007 we gave those rights up and under contract and retained a percentage of the main iron mineral concession there, which is being developed by a local company and we hope to see it go online before the end of this year. In 2008 we spent the whole year doing exploration in Baja California and finding several iron mineral deposits that we acquired the mining rights to and are at this time working out the financing on the project, taking in account that the world economy set us back a little, we still feel confident that we can get the Baja Pacific Iron Mining Project off and running before the end of year 2009.



2) Why are you excited about CWRN?



The future of this little company is great, the potential is unlimited. We have started out small and have not tried to jump into a giant mining operation. The secret to success in small companies is like every thing else in life, the harder you work, the luckier you get. We have laid out our goals and missions very clearly; and those line item points of reference can be read on our website: www.cottonwestern.com There are a several distinctions between our methodology and others, first we look for high grade iron ore that does not require cost heavy processing technologies or massive plants, but rather simple dry magnetic scrubbing to clean the materials and give separation from other trace elements in the iron minerals, secondly, we look for iron deposits within 100 kilometers of a ocean port, we use mobile processing equipment so we can move it in and set if up fast, we back our primary crushes right up to the bench and do not require expensive mining trucks to haul the blasted materials to a stationary plant for processing. Once the materials are crushed, screened and separated they are “Ship Ready” and are loaded on the spot and trucked to the port.



3) Why should I invest in CWRN?



We went onto the Pinksheets in 2006 with a vision of moving up to a larger exchange at some point in the future, and that’s still our goal. We get a lot of calls from both short term and long term investors, some are looking for stocks that trade with volume and tend to buy in and out, others that have made investments in the stock intend on staying with it seeing it develop to a point in the future where they have real value in their investment. People have called me and asked me flat out, “Are you intending to sell it and move on?” Our answer is always the same, this company will remain active until it is fully developed and the share values are up to a point where they belong based on our revenues and profits. We have over 300 long term investors that have been with us since day one, and everyone of those investors that have called me on several occasions tell me that they believe in me and what we are doing and like me, know that this company will in the not so long future be a viable enterprise. The bottom line is simple, I never give up on a project, I and we, our team, will see this through until it’s up and running, that is my personal guarantee to anyone who invests in this company.



4) Please tell me a little more about the rest of the management team?



During our operations and exploration period over the last 4 years we have put together a great team of experienced mining engineers and geologist in Mexico, these are individuals with over 30 years experience working iron ore mining projects in Mexico. Our key management can be viewed under management on our website.



5) What should I know about investing in iron mining?



Iron minerals are like a lot of other natural resources, they are in the ground and they are not going anywhere and they are running out. Simply put, iron ore is the main raw material for making steel that is used in manufacturing of many items, such as the auto industry and construction. Currently there is a slow down in the world economy; but the need for steel will and is starting to come back into demand as witnessed by this recent article: http://www.bloomberg.com/apps/news?pid=20601012&sid=aq9891I0gFwo



6) What is CWRN’s cash position?



The company is maintaining with sufficient cash reserves and very little overhead at this time as we focus on closing the project financing for the Baja Pacific Iron Ore Mining Project; we are varying excited as in the recent past week we have some very good news from a potential joint venture partner and hope to be releasing very interesting news to the public within 30 days or so.



7) Shares outstanding?



The outstanding share count is over 5 billion due to large blocks of restricted control shares issued to Pan American Mineral Ventures, LLC which is controlled by me and Sharon Vazquez, our Vice President, Director and Corporate Secretary.



8) Public float?



The public float is approximately 300 million shares at this time, of that number there is approximately 60 million in the street.