Cotton & Western Mining Inc. (CWRN)

[pesquero]

1) Generally, anything OVER 6.3MM is considered LUMP in this business, though it may contain (unavoidably) up to 10% below 6.3MM. Therefore, the as stated "3MM to 18MM" is LUMP Iron Ore. I guess Bob didn't think he needed to give (especially YOU) a class in the nomenclature of the business.

2) Transaction prices in China, especially to steel mills located in the interior) are often 15-30% HIGHER than published MB Spot Prices.

3) Vale actually ships very little Brazilian Lump to China. They get more for it in Europe, Japan and elsewhere. Much more.

Oh, so now you're willing to admit you "fibbed" about the lack of lay down yards.....

I think you'd better give up while you're ahead, because you're outmatched by anyone who actually knows the facts.

But if you're not ready to give up.......keep em' coming!