Las Vegas, Nevada (PressExposure) May 05, 2009 -- âCotton & Western Mining, Inc. Projects Additional One Million Metric Tons of Usable Iron Ore From Baja NO. 4â
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) announced today (05/05/09) that the Company's Baja NO. 4 site has a projected, useable iron ore reserve of just over 1.02 million Metric Tons. Cotton & Western has done geological surveys of all of their properties, and have made some of the information available on their website, http://www.cottonwestern.com.
The additional one million metric tons of ore from the Baja NO. 4 site will supplement the ore being produced by the larger Baja NO. 14 site. Cotton & Western Mining conservatively estimates usable iron ore from Baja NO. 4 and 14 to be in the 7.5 to 8 million dry metric ton range.
"As we continue to move forward with the analysis and development of our mines, we are confident in our capability to meet the increasing demands of the growing Asian iron ore market. Our growing iron ore reserves will allow us to capitalize on our negotiated price and raises confidence in our ability to achieve our business goals," stated Bob Cotton, CEO of Cotton & Western Mining, Inc.
Cotton & Western Mining recently projected revenues in excess of $126 Million based on an agreed base price of $45.00 FOB Mexico, per each dry metric ton sold on a guaranteed 64.5% Fe (iron content) with bonus payment of $0.6976 for each 1% Fe content above the minimum contract specifications. The average Fe content as tested in 2008 for Baja NO. 14 is 67% Fe content. We encourage investors to join and receive PinkSheetsIndex.com FREE e-mail news and stock watch alerts by visiting: [http://www.pinksheetsindex.com]. About CRWENews.com
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About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) was founded in early 2005 as a Nevada Corporation by Robert L. Cotton, with a specific plan and goal in mind; that being, to operate a low cost and high profit junior "Iron Mineral Mining" company. Cotton & Western Mining's mission is to offer reliable, high-quality and cost effective raw materials to the steel manufacturing industry on a global scale. The current pricing situation is at an all time high, with strong demand for raw materials coming from the People's Republic of China and it is expected to remain strong for several years ahead. For more information, please visit the company's website at http://www.cottonwestern.com.
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