Cotton & Western Mining Inc. (CWRN)

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as reported recently from market realist "The benchmark iron ore prices have been quite volatile in 2017. After scaling the peak of $95.00 per ton in February 2017 and plumbing the depths of $53.00 per ton in July 2017, the prices are back in the range of $60.00–$65.00 per ton."

No 40/ton in there plus get extra-sometime substantial extra, for lump ore

low sulphur and very few bad elements of any substance =compare usa iron ore where further processes have to be employed for 95% of ore to remove 50% impurities
the fert angle has been explained ad infinitum- sad that some are never able to get it

and for the last 3-4 years chinese labor costs have finally outpaced latin america labor costs giving mexico etc generally the lowest labor costs despite the exporting of millions of usa jobs