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