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Re: balihi post# 31272

Wednesday, 03/02/2011 4:56:55 AM

Wednesday, March 02, 2011 4:56:55 AM

Post# of 91121
I agree. Financials are great if there is revenue or pertinent expenses re ramping up of operations,but there was neither til last summer. I read all the last posted financials. They didn't provide any useful info due to the lack of financing/operations,so statements were most likely stopped to save the extra legal/accounting/pinksheet fees.

CWRN intended to wait for revenues to begin filing financials again. So special interest groups are beating a dead horse by shouting "no revenue" or "no shipping" when they are very aware substantial revenue begins within weeks.

Special interest groups had a litany of reasons why there would never be any shipping and those reasons have one by one been disproven by proof of CWRN's progress.

The only step left is the actual shipping of the ore already at the port-which should already substantially exceed the ships tonnage-see below.

Last reported # of trucks(18 "and increasing daily")at the loads and round trip times stated by pesquero would be ca 3000 tons trucked /day w 24 work days(reported 1/2 day Saturdays),or 72000 tons/month. If the trucks made 4 trips/day that would be 3600 tons/day.
If there is 3000 tons/day w 18 trucks,25 trucks would be 100k tons/month-two 50000 ton ships/month. They have already said that with the addition of the third shift that they are producing more/day than they are trucking and they had a 165k ton mine stockpile before they began trucking-to make sure trucking and shipping,once started,would be continuous.