Penny Stock Wallbusters

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Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) Robert L. Cotton, President of Cotton & Western Mining, Inc., stated today that the company is working on the land-usage permits for all four ore bodies. The main mining project will start on the north side of Baja no. 14 (230 hectare concession) utilizing a total of 21 hectares; however, the two ore bodies on the south side (across the river) of the concession will also be permitted, utilizing 14 hectares and the land-usage for Baja no. 4 (100 hectare concession) will utilize a total of 18 hectares. The company will take out approximately 5,000 metric tons for a specification shipment of crude iron ore in lump for mill procedures prior to starting full production. The company shall offer to the China Seaborne Trade Spot Sales (Single Shipment Contracts) its first six (6) months of crude iron ore production at the Baja Pacific Iron Mineral Mining Project. "Spot Sales" Friday's price settled at $142.18 per Dry Metric Ton delivered "CFR Basis" the Port of Qingdao, The People's Republic of China. Bulk shipments will be loaded out at the Pacific Ocean Port of Ensenada, Baja California, Mexico. Pan American Minerals Ventures, S.A. de C.V. a Joint Venture Company, shall be the operating company for the Baja Pacific Iron Ore Mining Project.

Related News: The Spot Crude Iron Ore Price for the China Seaborne Trade as reported on Friday, June 4th, 2010 at CFR $142.18 per dry metric ton Port of Qingdao. Daily index prices may be viewed at the Metal Bulletin link below.

Metal Bulletin Iron Ore Index Link http://www.mbironoreindex.com/