Cotton & Western Mining Inc. (CWRN)

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CWRN's detractor is purposely using a 5 year time line because price jumped 5 years ago.

According to www.indexmundi.com,iron prices 6 years ago were $37.90/ton. At a present $163.70/ton thats a 432% increase in last 6 years.
From 1995-2003 prices ranged from $28 to $32/ton--up over 500% in last 7 years.

If people were making a profit at $32/ton in 2003,it should be obvious there is a very healthy profit margin now,as both itmd and pesquero have recently calculated.

Due to the great recession costs have not increased comparably-I'm sure people are just happy to have a job w real unemployment in U.S. ca 20% and ca 40% in Mexico.

Shipping companies margins have suffered also due to recession-e.g shipping company PRGN(hope I've remembered the symbol correctly) w Handy and Panamax has gone down last couple years despite very good(stock advisors say excellent) fundamentals.
Its hard to believe shipping costs alone are now greater/ton than the price of ore in 2003,as some would claim.