Cotton & Western Mining Inc. (CWRN)

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Ca 38500 tons were shipped. Rest of dwt is people and fuel and ballast.
Profit ca 4 million-maybe higher-temeku-who visited the mine w Bob and the port said ca 130/ton profit-which would be ca a 5 million profit.
Recent article posted(see stickies) shows most junior miners cost ranges from 20-50/ton and some have negative cost due to premium ore-CWRN has premium ore-so that is an apparent confirmation.

The mention of 7 million debt was based on a very old funding regime(several regimes back) that never came to pass and had no basis in fact-at a time when ore was only ca 1/3 or less the price-w a proposed K of 45/ton-not the ca 170-180/ton for 1st shipment.

The debt was probably in ballpark of 3 million-at least excluding Bobs loan-maybe even less depending on how much of the equipment was used or leased.
The project manager indicated 1st shipment would pay off the debt.
I only saw a very distant pic of port which could not prove no ore at port-could easily hide several vertical feet and its limited field could've hidden a 2nd pile-I'm not saying it did -I'm just saying the distant pic I saw could not prove these things.
With 24 trucks at the logistics posted by others they could truck a Kriton load in 2 weeks-3350 tons/day. Whether they will is another question. There is a ramping up process to work out problems etc-that is normal w any startup.

If they had 1-2 million remaining after the debt was paid off they could easily add the extra excavators and begin the buyback at the same time.