Cotton & Western Mining Inc. (CWRN)

[DevilDolphin]

MBIO Index 15/11/11 $141.04/tonne MBIO Index 14/11/11 $137.61/tonne % Change +2.5/tonne $ Change +3.43/tonne The MBIO Index today calculated to $141.04/tonne cfr Qingdao on a 62% Fe basis, a jump of $3.43/tonne. Today's strong rise coincides with an increase in Australian material hitting the spot market after a short period of lower volumes compared to those seen as the price was falling. 63.5% Indian material has been assessed today to be in the range $143-$145, a narrowing up on yesterday's assessment of $143-$145/tonne.