Loreto's FE% "SGS Certificate of Analysis"...we now that was just a sample only, not the entire shipload....it is low grade iron ore that has to cross the ocean at a very high price
1st ever EXPORT PERMIT issued in Mexico for CWRN "PanAm"
2nd Export Permit issued for CWRN 2012 (with RFC # DD Proof Validation included)
...not valid anymore
BaoSteel is the company apparently buying CWRN's iron products
...no proof they are buying....none whatsoever
Put simply, undeveloped iron ore, until very recently, was valued at about $1 a tonne. Under Rinehart’s deal with Posco, the valuation is at least four times higher, at $4 a tonne.....who has been trading in this space through his interests in Iron Ore Holdings and iron ore junior Haoma Mining, which earlier this week penned a deal at $5.79 a tonne[/b
....if you can get 5 dollars a ton in the ground, there are a million mines around the world that would gladly sell it in a heartbeat. Now, you will be lucky to get 10cents a ton.
most IRON Jr Miners pro cost are under 25/ton and CWRN has premuim ore plus extra revenue sources from byproducts. In such a case even the large miners have low pro costs -e.g heclas cost of oz of silver is only1 .15. (by MicroCaps1) ..... we all know old Bobby tried to pull a fast one with this premium ore. We now know the ore is considered low grade and with all the pictures of the super, super fines, Cotton had to crush and crush and crush some more to get the grade to 59%
Shall I go on?
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