Big pic- from no operations summer 2010 to the major operations /transition shown step by step in the pics this is the most successful startup I've seen.
Sale price of a by product of a by product-the fertilizer -alone exceeds market cap of ca 25 million
sale price of 1-3mm by product may be 18 million
From no operations in summer 2010 to 74526 tons sold 2011 at ca 50% profit-no other company at this pps has that kind of profit margin or net income.
The ore being readied and at the port for next ship is 80.5% of the entire ore shipped last year. Major equipment has been added which can triple production. This ,combined w growing inventory(cant sell if u dont have) should result in a minimum of 3 times sales in 2012 and possibly 5 times sales.
This doesnt include huge Nazarena concession or major improvements that may result from Bao's participation in the mine.
BaoSteel-the worlds 2nd largest steelmaker,has been making high level visits to cwrn since September-almost ignored by the market and strangely quiet on this board.
At a min long-term contracts -which would greatly simplify logistics and increase efficiency- should result.
And it doesnt take multiple high level visits to produce a long term contract.
Bao does their homework and has access to cwrn's financials and drill reports,with Pres of Bao Brazil standing next to 1 of recent drill holes.
In last year cwrn acquired 68 drill hole reports and drilled 4 new deep holes on the coloso vein-no dry holes-other juniors would kill for no dry holes-just 1 of 4 veins on Baja 14 alone.
Production/operations continue to increase-though present operations/shipping status is greatly dwarfed imo by what Bao is doing w cwrn.
China is buying up mines or JV'ing w mines because china is internally running out of iron -as low as 4% iron in underground mines.
Coloso has tested at 64-67% w reported 85% usability because what isnt used for 3-18mm and 1-3mm etc is used for iron fertiizer and industrial cement
this is very undervalued because of games/manipulation since summer 2010-shorters fraudulently shouting newsletter promo when there was none because rapidly rising pps was killing them ,resulting in an deserved class from which cwrn is going to escape by uplisting to OTCBB-hopefully shortly -
which should cause pps to jump many fold;700 million shares sold by flippers for what they publicly bragged as a 100 fold profit(how many stocks have that problem),dtc/mm/broker games across the board targeting low priced pinks for destruction-etc -a unigue yr of micro manipulations
plus a unique year of macro disasters
The big picture is often lost in the midst of the usual sky is falling feeding frenzy by which traders do themselves in.
In the last year CWRN:
1)opened Coloso vein
2)began preliminary work on the Hercules
3)added land to the concession along the strike of 1 or more of these veins
4)brought in a shipping expert to save money in dealing w shipping costs-people complaining Bob needs more expert help so when he brings it in they complain about that
5)began a new deeper drilling program to estimate Coloso on top of the previous 68 drill holes- Bullit69 moniker may have been looking forward to resumption of drilling w drill hole 69
6)apparently finished the accounting documentation necessary for the up-listing process
7)added more equipment which could triple production -cat 365 and 375,a hauler,dozers,water truck etc
8)2nd ship left Aug 7 w millions in profits
9)improved cash flow
10)may have paid off investor cash contributions(75% of which was paid w 1st ship)
11)Bob said would push up classification change IF the classification was the cause for brokers games-turns out classification is not the problem
12)Bob spent probably 2 days investigating reasons for dtc and broker games-other pennies would kill for that
13)Held meetings with the GM of the worlds # 2 steel company-which in their culture do not occur without lower level meetings to set a contract-and pics are a PR in themselves
14)communicated w stockholders via numerous emails answering questions and concerns etc-other pennies would kill for that
15)supplied the usual numerous pics and some videos-other pennies would kill for that
16)We got implied confirmation of CWRN's secret weapon- a dog apparently dubbed "Bingo",which has apparently been trained to sniff out heavy iron concentrations-this has franchise opportunities.(Levity).
Just a brief summation and I no doubt left some things out -including things we are not yet privy to- like progress on Nazarena and the up-listing itself.
Connect the dots-# 2 steel company dealings,renewed drilling,opening up large veins, shipping expert,talk of larger ships...
Even at present spot iron is still very profitable-iron was only ca 10-14/ton until ca 2002.
A PR should be coming soon. I've been in other jr miners which have far fewer PR's. Some jr miners have not had PR's in over a year nor any emails or pics for over a year.
Possibly partly because of complaints Bob has been in under promise mode for some time,preferring to wait until after the fact to report.
I believe financials are coming soon-
Restrictions on buying are partly responsible for pps-a problem thats being worked on--and thats because of a general policy of hatred by brokers against low priced pinks,using pinks as a scapegoat-thus I did and posted research on best brokers who do not have any restrictions
Bob is aware of that and other recent issues-I've worked hard to inform him.
There IS a lot happening and we should hear good news re Bao Steel or so many other things soon,as anybody who has seen the pics and emails should understand.
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