JohnCM... From what I've read, the Chinese just want growth to be a hair slower down the road, so they don't get busted in the chops by inflation. The last article I read on iron demand for China claimed they needed 30% more ore this year than last, which is making me wonder what is driving the price down. I know India still has the brakes on, as far as exporting iron to China, and the Australian miners are just getting back on their feet after all the cyclones last year, which devastated the infrastructure,(roads, bridges, and rail lines) and really slowed shipping of iron ore and coal. Maybe they did put a hold on a lot of growth in China, to get spot iron prices back where they wanted them. Like I said.. I just can't put my finger on it, but the Bao guy hanging around for a month can't be all bad. Maybe they want to get listed on an American stock exchange. Who's to say CWRN couldn't merge and become an independent division, of say BaoPanAm Steel which would in turn get them listed and us a huge market cap for our shares... Stay thirsty my friends.. I believe we will have suitors who want a JV or cash buyout, who will be willing to pay what this company is really worth in the near future....
It doesn't really matter to me how it all works out.. If we end up being the 10th biggest iron miner in the world through growth, so be it.. But I smell a lot of money in those iron chips at the backside of the drill truck.. LOL! Have I great weekend all..
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