To the new investors and visitors of this board;
We picked up some baggage with the take-over of the shell (IMMN).. That being a few guys that have a hard on for Paul Taylor (the guy Bob got the Shell from) for whatever reasons? Unknown to us… anyway IMMN didn’t work out, and CWRM dumped it to move on with the real business at hand…
This is to give you a quick overview of the company..
1. The company has mined iron ore in the past, but shut down in 2006, bashers on this board they say that CWRM has never mined, don’t know what they are talking about….
2. The company signed a J/V agreement in early 2007 with a group (Quantum International) who reported to have funds available for the project: however, they couldn’t fund a hamburger stand, much less a multi million dollar mining operation, no funds, brokers only.. CWRM was tied up all of 2007 with that bunch..
3. The company is not a scam as some have said on this board..
4. The company owns metal mineral rights at several locations in both Mexico and the Philippines…
5. Contrary to what you may have read here that was posted by bashers who do not know anything about this company or this business, CWRM does have iron and copper mineral rights in Mexico and that is a fact;
6. FOB for iron ore means the company does not furnish vessels for shipment, and the Port of Ensenada has a daft of 12.9 meters, meaning a Panamax can berth and loads of 75k/DWT have gone out of there…. End-users (Steel-Mills) have there on vessels or long term charters…. The last day rate I have for Panamax was $36,000.00 a day from SWISSMARINE …..
7. The company has 7 investors who are very interested in the projects and a deal will be done by the end of Feb 2008/…..
8. The PR’s relating to spot sales are a fact now that the shortage is on, every miner knows they must have some materials for spot sales….
9. The $100,000,000.00 in revenues projected is a very low estimate… when considering the price of crude copper ore alone is now $1,350.00 per DMT…… Example: Lets say a small tracked Jaw is used on the copper, one that can process 300mt per hour, lets say that the company is so screwed up it can only produce 300mt a day, and it works 30 days, and ends up with a production of 9,000mt for the month, it sells for the market price, therefore the revenues generated for one month copper only is $12,150,000.00 YES!! The metal minerals business is hot as a firecracker at this time…………….
10. CWRM is still on schedule to receive revenues of approximately $X,000,000.00 a month from the Mindoro Island project once it goes on line….
I used to try and keep you guys up to date on what was going on behind the scenes, but I was told to forget about this site and the bashers and concentrate on my job, Project Manager, for Cotton & Western Mining, Inc. Matt Bullit………………. Anyone who whishes to contact me can at mattbullit@yahoo.com
