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Re: bullmarkethobo2000 post# 22960

Thursday, 01/27/2011 7:32:19 AM

Thursday, January 27, 2011 7:32:19 AM

Post# of 91121
After putting all my data together, with the growth rates of China and India, world economy moving forward, and GDP of the US over 3%, I believe 200+ Fe ore will happen within the next 60 to 90 days. Continued upside to the 250 range before the end of the year barring no interruptions in supply. Any interruptions in supply will accelerate these numbers and we could see 300.

Right now I am calling for 250 top on FE ore.

Giving us an average selling price of around 220.

Calculations on CWRN sales for the year should be raised by 20% to 25% going forward with fixed cost remaining the same.

Remember, we have the equipment in place and those cost will not be there Q2. Profits will soar from 2Q till the mine is exhausted with some minimal 1 time charges.

HOBO