Cotton & Western Mining Inc. (CWRN)

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I agree. They had processed(except for the delayed custom magnetic separator received ca 12-24-10)118,000 tons of ore by the end of December.

They already had a provisional or completed Documentary Letter of Credit for 32 million by the 12-30-10 PR,so they fully expected all the ore mined in Nov and Dec to be shipped this 1st qtr-thus translating Nov/Dec mined ore to revenue.

They expected to have the ca 175,000 to 185,000 tons of ore covered by the DLC to be shipped the 1st qtr.
Nov/Dec PR's expected ramping up to at least 100 to 105k tons shipping/month-it is believed they are mining at least that much/month,and w 24 trucks and pesqueros specs re R/T and net loads they could truck 105k/month. Last we heard they had 18 trucks.

Unexpected negotiations over details(such as price of fuel mentioned by PR)and late arrival of the custom mag sep delayed trucking until ca Jan 11(the reported date stamp on the 1st trucking pics).
Delays in the shipping process and the learning curve in dealing with shipping sharks delayed the shipping.

Every step of the process dealt with difficulties,many of which could not be foreseen. Such as substantial delays in the custom separator which were not even foreseen by the company putting the separator together.

This is par for the course in any start up operation. The other penny stocks I've had have had worse delays and none of them have made this transition to substantial revenue. This is the only stock I've followed to make that unusual transition.

So I shake my head in looking at the stalled pps the last 2 plus months(largely as a result of some of the most imaginative manipulation by special interest groups I've ever seen)and wonder what do people expect?
This transition is as good as it gets.
The promised updated financials should come soon and once any shipping bugs are resolved they could ship the 100-105k/month they expected in PR's.