Cotton & Western Mining Inc. (CWRN)

[DevilDolphin]

MBIO Index 17/11/11 $148.12/tonne MBIO Index 16/11/11 $145.67/tonne % Change +1.7/tonne $ Change +2.45/tonne The MBIO Index today calculated to $148.12/tonne cfr Qingdao on a 62% Fe basis, a rise of $2.45/tonne. We are continuing to see strong rises in the spot price of iron ore as the index sees a rise for the fourteenth consecutive day. The index has risen more than $12/tonne already this week, a record weekly rise, just three weeks after seeing a record fall of $25.80/tonne.