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Re: JackieChan post# 16150

Wednesday, 01/05/2011 3:47:53 PM

Wednesday, January 05, 2011 3:47:53 PM

Post# of 91121
May not still be same buyer but doesn't matter.
Iron is in demand-the reason it's risen from ca $28 to ca $170 in last 7 years.
China is doing large public works projects all over Africa and other places pro bono(free)just to have an edge when it comes to getting iron etc.
So there is a buyer and CWRN knows who it is even if we may not. Competition among companies in China for iron is one reason why current buyer may not be disclosed-China company w whom CWRN has contract probably doesn't want competitors to know.