Iron ore is 100 TO 110 right now...for 62% FE. Discount 5 to 10 for 58% Fe. Discount a further 18% for impurities. Wages are not as low as one thinks in Mexico
As a reminder: someone who was promoting CWRN in Baja said exactly the same thing about low, low cost of their iron ore and the potential of billions of dollars in profit. It is now .0001 a share and the CEO went to jail for stock fraud