Replies to post #69854 on Cotton & Western Mining Inc. (CWRN)

[surebob]

DevilDolphin
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Monday, April 02, 2012 12:21:11 AM
Re: surebob post# 68356
Post # of 69854

As discussed already SB! Bob said $250K for operations per month, figure $200K for trucking and we ship $5-8 million of ore a month. Take away the 450k as mentioned above and I still see 4.5-7.5 million in revenue, now taxes get added in and we still have 3 to 5.5 million~ Did I miss something? Maybe shipping...if we pay full cost another 800k-1mm more at the low shipping rates that exsist today~ But I presume after the first year we are now negotiating better shipping rates, maybe even ZERO if we are selling at the dock.

Now are you trying to tell me that we might be lucky to be left with nothing? I'm sorry SB





surebob
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Monday, April 02, 2012 8:00:11 AM
Re: DevilDolphin post# 68357
Post # of 69854


so, if Cotton sells at the dock, do you think he will get the same price as delivered? That seems like your assumption.
Do you know what the going rate is at the dock? Low 60's per ton.
No risk, no reward.

200K for trucking. In what world can trucking be that cheap for 60K? Have you done the math? Oh, thats right, Mexico gas prices are free for the truckers and Cotton gets the benefit.

Production cost around the world for iron ore are similar and that is 25 to 30 per ton. 25 if you are shipping millions of tons. In the 30's if you move dirt around for 18 months like Cotton. 250K month? Thats laughable.

5 dollars a ton for royalties. Thats standard in Mexico. Did you read Cotton's PR? Guess not.

Less taxes and Cotton skims 10% off the top...what do you get?
Well, if you are a shareholder of CWRN, close your eyes and what do you see? ROTFLMAO