Cotton & Western Mining Inc. (CWRN)

[surebob]

you mean the SGS report where a "sample" was sent for assay.
All ole Bobby had to do was pick up a sample that looks good and use his magnet pen. That sample could be from any mine in Mexico and
send it in.
The sample does not mean it represents the whole shipment which is what the buyer is paying for. The only person, it seems, who thinks that way is a poster here who seems to have lots of inside info.

We do know that one of the shipments was 58-59% ( BOL ) which China always considers low grade and now sells in the mid 40 dollar range...delivered to China....that is the assumption that there is very low sulfur which is not the case all over mines in Mexico and which China does not really want anymore because of the extra pollution...see sinter fines

mexico is now importing iron ore to meet their needs, but won't buy or develop any new mines in Mexico. What does that say?

Everyone needs to let go of this Bao buyer. They will not be back...why would they when they can buy all the low grade cheap ore China does not want and can buy 100 million tons of it sitting at the ports.