Replies to post #2612 on Cotton & Western Mining Inc. (CWRN)

[Bullit69]

Daye Steel is a good company…………………….

Unfortunately, so are the other 57 on the waiting list of Chinese, Korean and Japanese Steel Mills that want to buy CWRM iron ore products… Daye Steel was not in a position to offer financing at that time, maybe now they would, since the iron ore shortage is real; however, like buyers, CWRM has a list of investors; all the investors in play now are buyers/end-users, and as such will have exclusive rights to Baja Iron Minerals, but not Nagsabongan Magnetite. Agusan will operate Nags and CWRM is the Technical Manager and Marketing Managers for the project. As the Marketing Managers all we can do is recommend to the Agusan BOD the best off-take agreement. Serious negotiations for Nagsabongan iron will not begin until production starts; this is in the hands of Agusan, at this time, they are moving along just fine. As part of the CWRM – Agusan agreement, CWRM will not issue PR’s relating to Mindoro Island without Agusan prior approval, so do not expect to see a PR about the Philippines until Agusan is ready to start production; hopefully within the next few months…..