Cotton & Western Mining Inc. (CWRN)

[TruckingAngler]

MBIO Index UP -great find for CWRN !

Great find by Agilegio on ymb 11/16 11PM :

"The MBIO Index today calculated to $156.14/tonne cfr Qingdao on a 62% Fe basis. This is a jump of $0.95/tonne in the index, reversing the fall seen yesterday.
Market participants continue to expect an end to the export ban in Karnataka but as we have seen before this may continue to drag on. When it does eventually come to an end, depending on the verdict, we are likely to see a significant loosening of supply from India. Karnataka exports about twenty-five percent of all Indian material and is the second largest exporting state in India, which itself is the largest supplier of spot market material to China.
With freight rates still falling going into China and demand relatively weak the short term outlook continues to be down despite the rise in the index today.

Sentiment : Strong Buy