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Re: f1flyer post# 45924

Monday, 05/23/2011 6:05:25 PM

Monday, May 23, 2011 6:05:25 PM

Post# of 91121
I do a lot of dd and usually check and cross check before posting-I am limited by the need to respect confidences and not post beyond or attribute beyond that which I have permission-some people don't give permission to attribute because they don't want to receive personal threats from special interest groups (as I have).
A lot of this is available to anybody by just putting the various pieces together.
Remember the pics Rocket posted of a Cat 740 repeatedly dumping its 50 ton loads below an upper road at the mine? Bob told me ca 10 days ago there was ca 60-70 k tons of 0-3mm or 1-3mm in addition to the 1-3mm piles in the laydown yard. Those piles the Cat 740 kept dumping into on the upper road are I believe a large part of that.

Several times I have mentioned shipping contracts,buyers deciding on specifications and new equipment to make the processing more efficient.
The last PR spoke of collecting and processing the 0-3mm which had collected at many points around the site(much of their equipment is mobile/tracked so its merely moved to the next location as needed).
So they apparently(and I modify my claims by words such as apparently if I'm not 99% sure)have since collected the 0-3mm in 2 major areas:
1). The laydown yard-that big central lower bench where the trailers and company gas pump etc are-Rocket and others posted that pic repeatedly. Where the piles on the right are the 1-3mm Bob told me-apparently the fully processed 1-3mm.
0-3mm are a byproduct of the current 3-18 mm bread and butter product.

2)The upper road storage area. They were due to receive better equipment to finish processing that 0-3mm last week-as soon as that more efficient equipment is operational they can finish processing the 0-3mm upper road product into the final 1-3mm product.

In addition to any magnetic separation(they have 3 or 4 magnetic separators for the 1-3mm-they were shown in pics last Nov) the 0-3mm are further screened to among other things eliminate the 0-1mm fine dust etc,which is considered waste-part of the extra green waste fertilizer etc materials they will sell separately- as Rocket and Bob noted.

Some product was awaiting final specifications from the buyer-in that case the possible final step of processing awaits the buyers decision as to whether the buyer wants to pay extra for that step of the processing.
A pull and play between buyers decisions and production. I don't imagine buyers can hold up the process without penalties written into the contract once CWRN is ready to begin trucking. So hopefully the entire symphony comes together at the right time.

There are 2 products and 2 contracts. One product was awaiting buyers final specs. The other may have been also-and while waiting CWRN ordered and probably has received(suppose to arrive last week) the more efficient equipment to finish processing that product.

From the estimated production and the independently estimated size of the 3-18 mm laydown yard pile(and separate 3-18 mm in process)the 3-18 should be ready to truck soon as I previously noted-unless the buyer wants more processing and is willing to pay a higher price for such in addition to any contractual penalties for delay caused by any buyers indecision.

Once the ball is rolling on these things and the usual learning curve on both parties kicks in this process should proceed much more efficiently in the future. Not hype-thats just the way it is.

For a junior miner CWRN ramped up fast with both feet and is now consolidating,learning,growing and increasing efficiencies. Compare other startup juniors-which usually start much much slower.
Look at the dredging video of the only other junior I've seen transition to production-Sne.-that companies process looks like a mom and pop operation compared to CWRN.
Both products and other processes(production and non- production)are sufficiently along so trucking -once it starts-can probably be continuous this time.

When people honestly post what they believe-based on the best available info-I don't think its honest to call that pumping-for if it is all news/dd would be pumping.
Its not the equivalent of special interest groups shouting fire everyday about things they KNOW are NOT true but are designed to scare people-such as the cry wolf that the Kriton sank on its approach to Ensenada. So one group is honest and one isn't-there is a huge difference.

We don't know the size of the next ship but within a week or two at the most I'm guessing(haven't been told)CWRN may have enough 3-18mm to begin trucking if the ship is 35-42k tons like the Kriton.

And by the time that ship is trucked the 1-3mm will be ready for trucking.
While they truck 2 shiploads of that 1-3mm---production will continue to replenish both products at increasing efficiencies so trucking-now that they essentially have a backlog of product about ready to ship-can proceed continuously.
I forever remain perplexed re what this instant gratification generation wants- for nobody has been able to show me anything better.