Replies to post #6389 on Cotton & Western Mining Inc. (CWRN)

[joev2]

Fair enough. Without "past predjudice", I would guess the answer to your question would be.....the same company that let this one escape...and the others. It's a pattern. You'll see.....

Feb 06, 2007 09:45 ET
Cotton & Western Mining, Inc. Nears Agreement on Mindoro Joint Venture Proposal

RICHMOND, TX -- (MARKET WIRE) -- February 6, 2007 -- Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) -- Robert L. Cotton, President & C.E.O. stated today that CWRN and Astrolabe Mining Corporation, have presented an alternative operating plan to the joint venture candidate's initial technical proposal that would exclude the need to build a stationary iron ore processing plant for the Mindoro Island Project; instead, the management of CWRN and Astrolabe Mining both agree that since the Nagsabongan Iron deposit is of high quality magnetite iron ore, the minerals only need to be crushed, screened and magnetically cleaned to meet customers' steel mill specifications.

The production cost would also be less by using mobile tracked equipment, thus reducing the material handling cost by eliminating the need to use mining trucks to transport the blasted materials to a stationary processing plant. And, in addition, reducing the time and cost needed to build a stationary processing plant. The management of CWRN together with the negotiating team from Astrolabe Mining believes that the differences between the parties, which are of a technical nature, can be resolved within the next week and have set a tentative target date of February 20, 2007 to formalize and execute the joint venture agreement. All the parties involved in the negotiating process believe that a consensus on the proposed production techniques can be agreed upon and should not become a major problem for either side. The company is obligated under a non-disclosure agreement to withhold announcing the third party joint venture candidates name until such time an agreement has been executed between the parties.

CWRN has stated in an earlier news release that its Mindoro Island magnetite iron ore deposits are valued at near $6,000,000,000.00 at the current FOB market price.

Wow! Ain't that a lot of bucks! Yet, hmmm, he just couldn't seem to get it going....

Btw, I was virtually out of the stock at this time, having dumped most by Dec 06. There's a reason why the "bashers" will not let Bob rest easily.

[ollyboy99]

even from a traders point of view 299 million float- is that still correct? its still a pps rocket im holding longterm on this badboy and adding if it drops.