Cotton & Western Mining Inc. (CWRN)

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China is gobbling up minerals from all over the world as if there were no tomorrow. Wars,including Japans entry into WW2(to preempt the raw resources needed for its economy,fearful the U.S would capture those materials-read a book on this-though there may be addtnl reasons)have been fought over minerals.

If you look at a worldwide mining map,you'll see people are shipping iron(and other minerals)from Chile and eastern seabords and both sides of Africa to China.

The shipping from Ensenada is many 1000's miles shorter than most of those shipping routes and therefore shipping costs are greatly reduced.

So it is illogical to suggest CWRN would not make money.
Also,CWRN'S trucking distance of only ca 50 miles to the port is assuredly less than many of those operations also.
Pure logic therefore dictates this would be a profitable operation.

Until months ago,as the largest importer of iron ,China was dictating terms. However that situation reversed itself and price of iron is therefore higher- selling at free market prices,the sellers of iron obtaining the upper hand,China's need for the iron outweighing its previous negotiating power.