posted
Dunno...That 2.2 million in profit they'll make off the iron seems toolow for me...
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
looks like mm shake the hell out of this one....
It started to get pump a couple of days ago.... ????? no idea what is going on... I going to risk a few bucks here.....
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: www.otc-advisors.com: "Red Hot Penny Stock" CWRN, CHDT, GFCI, ARET, LVTI Jul 11 2006 9:41AM ET www.otc-advisors.com: "Red Hot Penny Stock" CWRN, LVTI, ARET, SDRG, MGMX Jul 10 2006 11:18AM ET WallStreetGrapevine.com: "Stocks on the Rise- GRWW, CWRN, SVSE" Jul 10 2006 10:56AM ET OTCPicks.com: Daily Market Movers Digest Stock Alerts, Monday, July 10th, RMDG, CWRN, CLBE, PCLO, ARET Jul 10 2006 8:07AM ET Cotton & Western Mining, Inc. Reaches Agreement to Acquire Mineral Rights Jul 10 2006 5:00AM ET www.otc-advisors.com: "Bulls in the Stable" CYAD, CWRN, ACHI, KLGE, LVTI Jun 29 2006 9:57AM ET
Posts: 5120 | Registered: Jun 2004
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posted
Latest PR dated July 10 From IHUB- Cotton & Western Mining, Inc. Reaches Agreement to Acquire Mineral Rights Monday July 10, 5:00 am ET
RICHMOND, TX--(MARKET WIRE)--Jul 10, 2006 -- Robert L. Cotton, President & CEO of Cotton & Western Mining, Inc. (Other OTC:CWRN.PK - News), a global iron ore mining company, announced today that the Company has reached an agreement with Astrolabe Mining, Inc. of the Republic of the Philippines to acquire its mineral rights to the Dayap Iron deposit at 10 million metric tons (MMT), the Lapa-ao Iron deposit at 36MMT, the Lasala Iron deposit at 18MMT, and the Nagsabongan Iron deposit at 12MMT. The total iron reserves now placed into Cotton & Western Mining's Pacific Pearl Mineral Assets are 76MMT(1) of Magnetite Iron Minerals. All of these iron deposits are located in close proximity along the upper reaches of the Mamburao River on the northwestern side of Mindoro Island in the central Philippines (see Mindoro Island Iron Deposits Map and Mindoro Island Location Map). The Free On Board value of the magnetite iron mineral assets, based on current offers of $45.00 per dry metric ton South China Sea, is $3,420,000,000.00, and the delivered value to China Main Ports, based at $68.00 per dry metric ton, is $5,168,000,000.00.
The seventeen months taken to acquire the Mindoro Island iron deposits are part of Cotton & Western Mining's long-term goal of obtaining high grade magnetite iron minerals near to the China Market, and to reduce shipping costs to that market as compared to the company's mineral assets located in Mexico. It also furthers the Company's capabilities to gain a sizeable market share of the "China Iron Mineral Seaborne Trade." The production scheduled to begin is based on gearing up for 400,000 DMT per month in the first six months of operations, and expanding capabilities to 600,000 DMT in the second six-month period.
Astrolabe Mining, Inc. shall be paid a fixed royalty fee for each dry metric ton of magnetite shipped, and as Cotton & Western Mining's strategic in-country affiliate shall interface with the central and provincial government of the Philippines' environmental and mining agencies to facilitate the required permits and licenses necessary to operate the "Pacific Pearl Mining Complex."
Development and preparation for the Mining Plan, Environmental Impact Study, Land Usage Plan, Water Usage Plan and Mining Permit applications are underway on a fast-tract basis. It is anticipated that operations and shipping could begin as early as November 2006.
The Magnetite deposits are approximately 30km from a proposed loading site near Mamburao on the South China Sea. Cotton & Western Mining will build a private jetty out to a draft of 16 meters to accommodate Panamax and Cape sized bulk vessels.
Notes(1): The iron ore reserves were discovered and proven through a comprehensive three year geological survey and study of Mindoro Island Minerals carried out by the Metal Mining Agency of Japan (MMAJ), as commissioned by the Japan International Cooperation Agency (JICA) in response to a request of the Government of the Republic of the Philippines. A condensed version of the study complete with geological maps of the above referenced iron deposits will be posted at www.cottonwestern.com within the next thirty days for viewing by interested parties and our shareholders.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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posted
this should be way higher based ont he numbers they are talking about:
$22,600,000 average first 6 months (I averaged the prices they mentioned multiplied by the 400,000 DMT)
$33,900,000 average second 6 months (I averaged the prices they mentioned multiplied by the 600,000 DMT)
Income for the next year: $56,500,000
Wonder waht operating costs are for producing that kind of output?
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
And the royalties - combined with operating costs, how much is their profit?
Do they have the workforce and equipment for that kind of production? If not, they'll have to raise capital funding (which we all know means more shares on the market).
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
not yet. I'm guessing they are going to finance this operation with our cash and a severly increased AS.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
what is UBSS trying to do, can not get a read... goes up goes down.....seems like he is the seller...
Posts: 5120 | Registered: Jun 2004
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-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
AllStocks free L2's show .06 x .069 (B x A)?
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
Ok, seriously, what's wrong with the free L2s here??? I get the right Bid (most of the time), but the ask is always giving bad data! I have to "get quote" 50 times to get the right data back!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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