CWRN is now at different state
Over past few years CWRN was in big trouble, having good amount of ore underground it did not have the infrastructure to be a miner. Quantum discovered this fact and thus they forming 50-50 joint venture. Keep in mine that Quantum is financing this company and the production target is set to 500,000 DMT per month. Iron Ore price to hit $100 by 2008 end or earlier and once they start mining and hit profitability stock price will sky rocket. If you can not see the future, beter stay away.