$We_Beat_Wallstreet

[fast.money]

$NEWC New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. We own 100% of La Tabaquera coal mine in Guaduas, Colombia with an estimated 15- 17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. We have hired SGS Colombia S.A. to complete a N.I. 43-101 Technical Report; the company is in the process of completing a drilling program. We have applied for a work permit by submitting a works program with the Agencia Nacional de Mineria (ANM), our environmental impact assessment is 60% complete, it will be finished once the drilling results determine our mining plan and environmental impact. We expect to apply for our environmental permit and have our work permit approved in Q3 2013. The drilling program and N.I. 43-101 are expected to be completed in Q3 2013. Once the necessary financing is obtained, the Company plans to have three revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia.

http://www.newcolombiaresources.com/investor.php