Monday, July 27, 2009 10:35:17 PM
Cotton & Western Mining recently projected revenues in excess of $126 Million based on an average base price of $45.00 FOB Mexico, per each dry metric ton sold on a guaranteed 64.5% Fe (iron content) with bonus payment of $0.6976 for each 1% Fe content above the minimum contract specifications. The average Fe content as tested in 2008 for Baja NO. 14 is 67% Fe content.
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