1) CWRN has no intention to do anything but sell shares.
2) The company has no necessary permits.
3) CWRN has no money.
4) CWRN has no mining equipment.
5) The pictures of the equipment are staged.
6) There is not enough trucks in Baja to deliver iron to the port.
7) The roads in Ensenada are too bad, and the port is too far.
8) The company's trucks will be harassed by the authorities.
9) The company's trucks will be harassed by drug cartels.
10) Ensenada does not have a suitable port.
11) There is no magnetic separator to clean up the shipment.
12) ?
It is interesting to observe how the argument evolves into new premises every time the previous point was proven wrong by the company itself or by logical reasoning of the board members.
Since you have said you know more about mining than anybody else on this board surely you know mining companies have big equipment called washers that can be used to remove the dirt from the tested 63% iron. The valley equipment company CWRN is buying the mag sep on a rush order from shows several pictures of large washing units on its website. I mentioned that before.