Cotton & Western Mining Inc. (CWRN)

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IF you look at an iron ore spot price chart(e.g.mongabay.com) spot price was about $27 from 2000-2003, ca $74 by 2007 and now ca $135-145. This is one of the reasons there is such a high gross(I assume its gross not net-i.t.m.d detailed this in a post days back) margin(profit)of ca 50% as others have noted.

Because many of Chinas suppliers finally stood up to Chinas fiat fixed prices within the last few years,iron is now sold for a much higher price on a free market spot basis.

The millions of equipment(much of it apparently new) shown in numerous pictures (see i.t.m.d's posts) indicate CWRN has had a major financial backer and will not need to take out loans once shipment begins.
Why would they need to take out loans after shipments begin?
With perhaps 2.5 million profit/35000 ton shipment and 5 million/75000 ton shipment,CWRN will be able to payoff debt,not incur it.

The post that says CWRN will have to take out loans apparently does not understand that CWRN already has ca 90-100% of equipment as per the numerous pictures from various sources,with the last piece(mag separator) having a target date for arrival of Nov 15-20. Presumably the huge piles of ore are awaiting the last step of processing by mag separator and then trucked to port.

The high revenue and high margin is more important long term to stock price than buyback,though further news re buyback is the kind of thing that traders jump on.