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New Colombia Resources' Medical Marijuana Joint Venture, Sannabis' Products, Patients, and Growers Featured in One-Hour Nationally Televised Documentary
Company completes accounting to file their latest Form 10K with the SEC
MIAMI, FL -- (Marketwired) -- 10/31/16 -- New Colombia Resources, Inc. (OTC PINK: NEWC) ("New Colombia or the Company"), a U.S. listed Colombian company with natural resource assets in Colombia, is pleased to announce a nationally televised documentary showcasing their patients, products, laboratory, and growers is posted on YouTube. To view the documentary visit
which can happen when the auditor is done and audited filings are posted
auditors independently check major transactions and sample the rest by contacting those parties -who without a financial incentive/kickback to answer, often then precipitates more attempts by auditor to contact
as soon as we can get a larger investment pool
excellent dd
with political bosses giving orders to expedite could be any time
They were already near the end of a long process to get aggregate work permit approved
and since the work plan is usually the biggie in latin america,there's a good possibility the env permit could follow shortly,especially because most of the things normally investigated as part of an env permit apparently have already been investigated since 2013,including site/social visits
Land use planning in my experience is a highly political process. When the political winds are favorable,the govt can facilitate things(county land use planners are often called facilitators) and things can move fast-tax revenue being the only thing the govt cares about. In such situations I've seen govts bypass laws and illegally approve without public input in the USA.
Nearby Venezuela is in deep trouble/anarchy due to fall in oil prices and psychotic dictators. Loss of oil revenue has apparently hurt Columbia also.
So now the pro-govt revenue/pro-development course subsequent to the peace treaty is a highly favorable development for NEWC.
Work plans are usually the biggest permit in Latin America-very extensive documents compiled by specialized scientific/engineering companies who charge heavily.
The coal work plan was approved Dec 2013.
Added aggregate to work plan 2014-resulting in an unexpected long wait for approval.
"Under formal review" means the specialized engineering firm NEWC hired to address the govts concerns re the initially submitted 2014 aggregate work plan was of sufficient quality and substance in addressing those concerns that the govt was not going to(at least immediately)require NEWC to go back to the drawing board -a very good sign.
Recently,another PR noted a high level meeting with the govt to EXPEDITE the approval process.
Since land use IS political,the high level govt push to expedite gives NEWC reason to believe the final permit -the environmental permit-will now be approved shortly. Given the immensity of the work plans,the absence of NEPA and SEPA like protocols in most latin american countries and the political winds of favor,the final permit should be approved (under political orders) after all these years of delay, quickly.
NEWC
New Colombia Resources Receives Notice From National Mining Agency (ANM) That Their Work Plan Adding Raw Building Materials to Existing Approval for Metallurgical Coal Is Under Review
Metallurgical Coal Prices Have Surged Over 150% in Past Few Weeks, Goldman Sachs Says Higher Coking Coal Prices Are Here to Stay
BARRANQUILLA, COLOMBIA -- (Marketwired) -- 09/27/16 -- New Colombia Resources, Inc. (OTC PINK: NEWC) ("New Colombia or the 'Company"), a Colombian company listed in the U.S. with premium metallurgical coal mining titles, is pleased to announce a letter from the Agencia Nacional de Mineria (ANM) stating the addition of raw building materials to their existing approved work plan for coal is under review. The company believes this is a final step before approval.
The letter including the background history of the mining title and all the works submitted by New Colombia Resources can be viewed at https://drive.google.com/open?id=0BxSKP5j2FlseY3VGcl9WUUpBa0k
The company's concession contract ILE-09551 for coal and other grantable minerals submitted a work plan for coal mining in December 2012; it was approved in December 2013. Due to poor market conditions for coal, in 2014 the company decided to add raw building materials to the work plan to build a gravel pit to supply the growing construction and infrastructure projects in Colombia. The construction market grew by 10% in 2014 making building materials an attractive market. New Colombia Resources spent much of 2014 raising the capital needed to hire an international exploration company to produce a work plan for raw building materials and create other revenue generating businesses.
In 2015 they hired South American Explorations (SAM) and Diego Caicedo as project manager. SAM completed the work plan in February 2016 and it was submitted to the ANM. In April 2016, the ANM performed a site visit to the Company's property and recommended they redo the work plan to include two gravel pits instead of one in order to not disturb a small creek that the original plan rerouted. SAM produced a new mining design that includes two pits instead of one. A copy of the new mine design can be seen here https://drive.google.com/open?id=0BxSKP5j2FlseeG91LXY3WllJU28
In June 2016, the company resubmitted the new mine design taking into consideration the recommendation from the ANM; last week they received notice it is under review and not to begin mining operations until final approval. The Company expects final approval in short order, once approved, the resolution of approval will be forward to the local environmental agency for their approval to begin mining operations for both gravel and coal. Plans are to begin immediately crushing rocks to generate revenue. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton, Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant price increases in the past few weeks.
The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier. New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources is making strong efforts to retire debt that is being converted into free trading shares causing pressure to the company's stock price, although the Company believes this creates an attractive entry to point for investors.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resources, Inc. New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit www.sannabis.co. For more information on the Company visit www.newcolombiaresources.com.
if I were in tiger country i would want to be on the side of the tiger- most ferocious big predator pound for pound(dont want to insult wolverines or crazy badgers)
tracked many many bears and some cougars just for fun while hiking -bears-including the griz(90% non-meat eating except kodiaks etc) are omnivores and you can climb a tree-they dont see humans as part of the food chain-but cats are unpredictable that way and ca 2.3 times fighting tougher /pound than the dog family and the tiger can jump 25 feet-so like i said -when you find a tiger you want to ride it to the top instead of going to sleep while it climbs the next mountain ridges
The Powerful D.D. Is Amassing !
true- and amazing also
"To The Day Were .2O'--during the time period encompassed in "The Way We Were" movie, millions in the usa alone were using coal as their sole source of heating- thermal coal for you youngsters
the economy has grown greatly since then-despite the great recession-as should NEWC if logic can yet prevail over manipulation
absolutely Boregard
big mining companies-like big pharma -let the little guys do the innovation/hard work to get things set up and then come in and buy up
the permits dramatically increase the mine value-especially because-as it has -it takes years to get such-and then big co's start salivating- and institutions in the know might once audited are filed
waiting for aggregate permit so can supply nearby highway construction and support coal operations on initial coal concession
since a previous PR said govt officials were expediting final permits,could hear something about that before long
before the internet- yes you youngies the world existed before the internet-really it did-do some research-I had to go into the planning office every week to check the land use maps because my particular client and I were wary of particular peoples intentions and the political planning process sometimes illegally bypassed NEPA and SEPA
as i feared on behalf of my client,a developer had walked into the same office during the previous days and redrawn a huge area into a totally different zone(not just one zone more intense but 4 zones more intense-and the planning dept-knowing their pro-development political bosses-was going to accept that as is) without the required public input
we filed an appeal and with hundreds of people had the record longest county commissioner hearing(7.5 hours)who just rubber stamped(being pro-development)the illegal planning department acceptance- more appeals by us followed-1 commissioner was openly sleeping during the meeting-all about the taxes
200 million!!!
with an expected coal revenue alone of 7 million/month!!!
-and at a pps of only .015-
what a crazy world -waiting for big boys
part of the new coal PR today-emphasis added
rock mining permit coming -not lining permit
Rentarios shares already have been forecasted as restricted by a previous PR
coal
New Colombia Resources Inc (OTCMKTS:NEWC) has been our focus on a couple of occasions across the last eight weeks or so, and the company has gained across the period to the tune of 600% plus throughout the period, more if we use October highs instead of the current price. Sticking with this latter price, however, we think it’s a short term correction, and that even given New Colombia’s rapid market capitalization revaluation, there’s more to come.
The great thing about New Colombia, and the thesis that underpins our bias, is its two-pronged operations in two areas that are both experiencing massive growth right now. Those that followed along with our previous coverage will already be aware of these two focus areas – cannabis and coal (specifically, coking coal).
Before we get in to the latest developments on these two fronts, let’s quickly introduce the company. New Colombia is – at core – a mining company, with primary operations in Colombia. The company mines and crushes rock for the construction space, as well as coking coal, which is a key ingredient in the steel making process. The latter, coking coal, has seen a considerable run up in price over the last year or so, as Chinese related supply contraction issues have translated to a degree of panic loading.
New Colombia announced last month that it is on the edge of receiving a rock lining permit, and it already has a coal mining permit in place. When it picks up the former, it will commence execution on a strategy that allows for the output of 30,000 tons per month of raw product, with this volume translating to circa $7 million monthly revenues at current prices.
Looking at its cannabis operations, New Colombia develops medical marijuana products, and is taking steps to bring one such product to the US market. It’s still early days, but a couple of recent announcements have hinted at progress in the space, and a partnership with a company called Advanced Imaging Projects LLC, through which it intends to submit an Orphan Drug application to the FDA in the US, gave investors something to get excited about mid October.
The thesis of our previous valuation was based on the potential of its coal operations, and we still believe the lion’s share of fundamental valuation is rooted in that side of the company; near term, at least. Over the last couple of weeks, however, management has put out a number of releases relating to the cannabis side of things, and with these falling in line with the legalization ballots, there’s plenty of speculative capital flowing in right now from cannabis traders, as opposed to mining interests.
That’s not a bad thing, of course, but it does put a bit of pressure on management to maintain a news flow (and underpin this with fundamental developments) in its cannabis/drug development operations.
Do the latest announcements suggest this is achievable?
Well, yes, but not with regards on a strictly pharmaceutical level (not in the US, at least). The latest releases relate to what looks to be an aggressive marketing campaign for some of the company’s cannabis based remedies to address pain management in Latin America. These products can be sold legally in this market, and New Colombia has picked up a bunch of TV spots and the endorsement of ex-MLB MVP Edgar Rentaria for its muscle and joint pain cannabis cream. Interestingly, and as a bit of a side note, it was from Rentaria that New Colombia purchased its rock crushing plant back in 2010. The remaining balance on that purchase is set to be settled in an as yet undetermined number of company shares, and we’re assuming that a portion of these shares will also go towards the endorsement payment. Although this has the potential to be dilutive (we don’t yet know the structure of the deal) it aligns Rentaria’s interest in seeing New Colombia succeed to a higher degree than would a purely financial endorsement deal, so we think it’s probably a good thing longer term.
So what’s the bottom line here?
Well, cannabis is going to drive near term valuation as speculative volume flows into the company on the back of the recreational ballots. These gains are likely largely unsupported by fundamentals, however, at least right now. That said, the potential for coking coal driven gains more than makes up for any near term cannabis driven overvaluation, and that’s why we’re maintaining our bullish bias on the company.
We will be updating our subscribers as soon as we know more. For the latest updates on NEWC, sign up below!
Sign up for next microcap runner ahead of the crowd.
Disclosure: We have no position in NEWC and have not been compensated for this article.
The in-ground coal alone is probably worth ca 30c/share-not counting mj and orphan drug etc and other things noted below,so I will come into agreement for 1 dollar 1st on the way to your 10
http://www.otcmarkets.com/stock/NEWC/news
From 9-27 PR: "The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier.'' This includes regulated med mj- cf to prior illegal THC (psychogenic) focused mj
Compared to other med mj stocks NEWC is actually a mining company with many emerging or upcoming revenue streams representing unrealized value,including:
1) most everybody knows about NEWC's participation in med mj via its JV SANNABIS SUB,including a product high in CBD but no THC for export to USA and a 29 page catalog being translated to English
2) and its new JV sub for application for an ORPHAN DRUG- possibly for epilepsy,especially for children,as that has been mentioned in NEWC releases a couple times.
3) BLUE GEM coal-previous PR said would be obtaining coal equipment from KY-TN border at fire sale prices
From 9-27 PR:
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA [ca 12250 acres] of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill."
4) METALLURGICAL coal to coke steel furnaces- "The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal". Coking coal commands higher prices than thermal (space heating).
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
5) THERMAL coal- see the 10-19 PR below :
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
6) in addition to the original coal concession with an estimated 15-17 million tonnes of reserves they have "another pending ACQUISITION for 390 ha and a solicitation contract for 184 ha metallurgical coal" concession- the additional 574 hectares totalling ca 2.22 square miles-ca 1420 acres.
7) this was averaging ca 4c PPS many years ago before the original coal work plan was even approved in Dec 2013.
Final permits are close, greatly increasing value, as permits are a major factor in mining company value.
7) since then AGGREGATE has been added to work plan and the appropriate Govt land use agency is formally reviewing NEWC's professional scientific modification of its aggregate plan to conform to govt request for modification from 1 to 2 pits.
'The cash flow from the gravel operations will allow them to begin coal mining operations on their own." on their original metallurgical concession.
From the 9-27 PR: Plans are to begin immediately crushing rocks to generate revenue [once permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
8) CONVERTIBLE DEBT ELIMINATION: pps was strangled to a ridiculous low due to the typical convertible notes required to enable these companies to turn the corner until revenue begins. NEWC forecast a pending 8k to announce all debt that can be [at least currently]converted has been eliminated: "Drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares".
9) UPDATED FINANCIALS
Pps also suffered due to a long delay in financial reporting due to financial exigencies. Toxic debt resulting in the maniacal conversion by a holder who cared nothing about operations was incurred to allow NEWC to pay auditors etc to update SEC reporting financials,which are expected by the end of October.
Many INSTITUTIONS,due to fiduciary duty, cannot invest until financials are updated. MM's know this -may be partly why MM's have been heavily buying. Updated financials will greatly increase the investor pool.
10) USA ELECTIONS were providing cover for many pennies(until financials) to "preserve the legacy'' and are expected to increase the USA market for both medical and recreational MJ.
11) PR's note NEWC purchase of hemp plantations
http://www.otcmarkets.com/stock/NEWC/news
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
BARRANQUILLA, Colombia, October 19, 2016 /PRNewswire/ --
Metallurgical Coal prices continue to surge, up over 300% this year to over $ 230/tonne
New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or the 'Company"), a Colombian resource company listed in the U.S. with premium metallurgical coal mining titles and medical marijuana subsidiaries is pleased to report on the status of a project to build a thermal coal power plant in Guaduas, Colombia. Company subsidiary, Compañía Minera San Jose Ltda. entered into negotiations earlier this year with a foreign entity to build a 300 Megawatt thermal coal power plant near their estimated vast coal reserves. This entity has secured a Letter of Intent for US$ 200 Million from a major construction company in China to join a consortium to finance the development of the coal operations to feed this new plant and construction of the power plant.
New Colombia Resources' Director, Erasmo Almanza, received a report from the consortium partner on the status of negotiations of the installation of the thermal coal power plant in Guaduas. The report states there have been meetings with the financing team seeking the best financing option for the project and have modified the volume of power generation to optimize material inventory with time. A decision was made to program a meeting with Mr. Almanza after these adjustments are finalized to protocolize the negotiations and establish the new power company.
Guaduas is located 110 Km northeast of the capital of Bogota with an estimated 10 Million people. Colombia's energy generation is dominated by hydro-electric which causes concerns during droughts and a weather phenomenon.
The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal, for a comprehensive estimate of probable reserves on their first concession contract ILE-09551 visit http://www.newcolombiaresources.com/assesment.php
The concession contract to be developed by the consortium is in close proximity to Concession Contract ILE-09551 and expected to have a similar 70/30 ratio of coking coal to thermal coal.
The Company feels this is a major development creating a local market for their thermal coal while developing metallurgical coking coal that has more than tripled in price this year to over $ 230/tonne. Additionally, the Company has met with a multi-billion-dollar Asian conglomerate interested in their premium metallurgical coal.
.
Goldman Sachs issued a report stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton (NYSE: BHP), Consol Energy Inc. (NYSE: CNX), and Cloud Peak Energy Inc. (NYSE: CLP) have seen significant price increases in the past few weeks.
Additionally, Company attorney is drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co. For more information on the Company visit http://www.newcolombiaresources.com.
< Back
New Colombia Resources Meets with National Mining Agency (ANM) to Advance Approval for a Permit for Mining Operations to Generate Significant Revenue
ANM has already approved the Company's work permit for metallurgical coal as prices continue to surge up 300% this year
BARRANQUILLA, COLOMBIA -- (Marketwired) -- 10/26/16 -- New Colombia Resources, Inc. (OTC PINK: NEWC) ("New Colombia or the 'Company"), a Colombian company listed in the U.S. with premium metallurgical coal properties and medical marijuana operations, met with the Agencia Nacional de Mineria (ANM), at their request, to advance the expedition of a Work Permit to begin rock mining operations. The Company already has an approved Work Plan for coal mining, however, they're awaiting approval of the rock mining permit to begin operation on both rocks and coal. Metallurgical coal is the hottest commodity this year with surging prices over 300% this year. http://www.mining.com/chart-no-stopping-insane-coal-price-rally/
The ANM is encouraging New Colombia Resources to develop their operations as quickly as possible to advance the mining sector in Colombia. The decline in royalties from oil production has prompted the government to help companies like New Colombia Resources develop their properties to generate jobs and royalties while supplying the world market with the hottest commodity of 2016. The Agency is focused on encouraging direct foreign investment to Colombia's mining sector, they are referring international coal buyers to New Colombia Resources.
"We appreciate the ANM's willingness to help us as we're committed to bringing our mining operations into production creating significant value to our shareholders," commented John Campo, President of New Colombia Resources. The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 245/tonne. Original plans are for output of 30,000 tonne/month, at today's spot price that would generate monthly revenue of over US$ 7,000,000.
New Colombia Resources' subsidiary, Compañía Minera San Jose Ltda. has entered into a US$ 200 Million Letter of Intent with Asian partners to develop a coal power plant in Guaduas next to their coal properties. The ANM will facilitate a meeting with the Minister of Energy, President of the ANM, and other high government officials when the Asian partners come to Colombia in the coming weeks.
The generation plant will create a local market for the Company's thermal coal as they export premium metallurgical coal. At the meeting with the ANM was Miguel Centanaro, New Colombia's logistic coordinator, who is rehabilitating rail projects to haul premium coking coal direct from the mine to the export terminals on the Caribbean coast. Mr. Centanaro is in talks with the largest investment bankers in the U.S. to the finance the project, which was featured in an article in the Business Year, https://www.thebusinessyear.com/colombia-2016/long-wide-rails/interview
New Colombia Resources filed an 8K yesterday with the Securities and Exchange Commission (SEC) disclosing the elimination of a debt that was being converted into free trading shares before the recent rise in stock price. Although the Company still has some relatively small debt on the books that they intend to eliminate, they do not feel it will have any impact on share price with current trading patterns. The Company is finalizing their 10K report to be submitted to the SEC that will provide more detail. The Company has not taken on any more convertible debt than is shown in their last 10K filed in 2015, much of this debt has been eliminated.
New Colombia Resources understands the importance of the upcoming U.S. election in the medical marijuana industry. The Company's joint venture, Sannabis, is a leader in medical marijuana products in Colombia and plans to dominate in specific sectors in the U.S. Major developments in medical marijuana will be announced leading up to and beyond the elections.
To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
the 2011 survey was actually over 16.9 million tons, so don't know why PR says 15-17M
metallurgical coking coal rose from 70 to ca 210 as per an independent article I posted
coking coal was valued at 9/ton in ground- a major factor in what a company might pay to buy the concession now that all permits except a soon pending env permit have been approved.
Can't find an updated in ground price-below I estimated very conservatively based on price increases for coal that the 2011 appraisal of ca 50 million would, due to said price increases,probably be a minimum of 75 million now -
but in 2011,when the 50 million est was made the work plan had not even been formed let alone approved -was approved Dec 2013 and env permit has been in process since then- NEWC addressed the last known govt change to aggregate operations and said change has been under formal review by the govt-instead of 1 big pit to utilize 2 separate permits for the protection of a stream-since NEWC responded via a scientific and geological professional company due to the desired changes it is likely NEWC's modifications will be approved- wouldnt be under formal review if the govt agency saw any glaring deficiencies-so this final permit for aggregate /coal operations could be 1 of the new developments to be PR'd soon.
Permits greatly increase value of a mine since the substantial scientific reports necessary to obtain permits are expensive and the land use planning process typically takes many years etc. Some mining co's now claim the process often takes 15 years in the USA(1 PR said an average of 15 years!)
One mining co I modded on another site-RVM- had a 12 year battle for 1 concession and was still working on it when Hecla bought them out.
So my conservative value of 22c/share for in ground value of coal below does not even take into to account these factors-
1) the added value of the permits
2)plus additional optioned concessions
3)full value of tripling of met coal price
4) also they added aggregate operations to the work plan and that value is not included in the 22c estimate either-1 highway under construction or soon to be-Opti has been there and would know more- -Ruta del Sol?- is only ca 11km from the mine
5) Med mj JV
6)Orphan drug application
as long as coal prices stay high in ground coal should be worth 100 million especially w additional concessions mentioned by website and PR's-if so in ground coal alone would set a value of .294 pps-your estimate($100M divided by 340M OS)
its anybodies guess how much value the additional 5 factors above might add- but since the trading has essentially ignored the mining value I would say most here consider the med mj and orphan application to be worth much more than value of in ground coal-so maybe 1 dollar pps as some have mentioned?
Though this is currently obviously trading on the med mj and upcoming orphan drug designation just want to remind that this has other revenue streams also which alone support a much higher value now that the co has apparently turned the corner.
so the following was my original prognostications:
A 2011 preliminary study noted on website indicated in situ value of thermal coal was 3 dollars/unit,coking coal was 9 dollars/unit- then placing in situ value of just under 50 million dollars(over 49 million)- this apparently does not include additional concessions being acquired since then
Coal,esp coking coal- rose significantly recently-from 70-210 due to China reducing domestic production etc
haven't found current in situ prices but based on such rise in situ for coking coal logically would be 3x larger
Also have blue gem coal "used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products"
PR says est 15-17 million tons coal-2011 study said over 16.9 million tons-of coking and thermal and blue gem coals
My own conservative estimate of in situ(in ground) prices of ca 75 million and 340M OS alone would be a value of 22c/share- not counting the aggregate or the med mj
pps was decimated by toxic conversion resulting from years of typical land use planning delays but now that it seems evident the co has turned the corner and will not join the mining graveyard,the pps is greatly undervalued and has not taken these things into consideration
also what is the discounted future value of $6M/month in mining revenues-just saying the market/players here dont even know about these things-trading currently is based solely on med mj and orphan drug
bracketed material is mine:
from the 9-27 PR
Plans are to begin immediately crushing rocks to generate revenue[once final permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton, Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant price increases in the past few weeks.
The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier. New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources is making strong efforts to retire debt that is being converted into free trading shares causing pressure to the company's stock price, although the Company believes this creates an attractive entry to point for investors.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resources Inc Details Marketing Campaign to Run Commercials on Major Networks to Sell Cannabis Based Products from Colombia to the U.S. Hispanic and Latin American Markets
BARRANQUILLA, Colombia, October 27, 2016 /PRNewswire/ --
Company to run commercials on major networks including FOX, Universal, and ESPN.
New Colombia Resources, Inc. (NEWC) ("New Colombia or the Company"), a U.S. listed Colombian company with natural resource assets in Colombia, is pleased to detail initial marketing plans to introduce their 100% organic, all natural medical marijuana products to the $ 1.5 Trillion U.S. Hispanic and Latin American Markets. Company contacts in the infomercial industry allow for a massive international campaign at the best rates possible for production and airtime.
New Colombia Resources' President will be in Miami next week implementing the campaign to begin marketing products immediately to be in a dominant positon come January. The Company will bring on board well known and respected Latin American and U.S. sports stars to help market their products.
Doral Studios Inc. d/b/a RC Television Production has been producing English and Spanish speaking commercials, infomercials, music videos, and political campaign ads for over 15 years. They have a state of the art production studio in Doral, FL where they have produced the most successful Spanish language infomercials on the air in the U.S. and Latin America. RC Television handles every aspect of an infomercial including: concept, logo, animation, graphics, passive and aggressive CTA (Call to Action), and high definition production. They work with focus groups to determine the direction of the product or idea. To view Doral Studios demos visit http://www.youtube.com/results?search_query=doral+studios
The initial marketing campaign for their all natural cannabis products will be handled in two phases.
Phase 1
Create a campaign by social expectation with short and direct videos that can be strengthened by 20 or 30 second Television commercials and disseminated by region.
Initiate a series of video interviews of reputable professionals to confirm that this movement is one of the best natural alternatives for different types of ailments.
Hit the streets to tape surveys and interviews with patients interested in alternative medicine.
For this campaign Doral Studios, will put in play an exclusive channel that is interactive with social media that gives immediate presence and creates micro reports which will be valuable in the future.
Phase 2
Develop a campaign of 120 second commercials and broadcast to Latin American television media networks that reach 12 countries and is more economical compared to local networks. These networks include Universal and Studio Universal, owned by Comcast Corporation (NASDAQ: CMCSA) and Fox, FX, Mundo Fox, and Fox Life owned by 21st Century Fox (NASDAQ: FOXA) among others. Doral Studios maintains strong contracts in the Direct Response industry that are available to New Colombia Resources.
Create a digital magazine that supports both campaigns with informational articles to maintain the commercials mainstream.
Develop programs for Radio and Internet broadcast
Doral Studios provides infinite alternatives to guarantee a successful campaign and the creative means to achieve them. Doral Studios has a radio channel and on-line TV channel they can activate and operate directly from their state of the art studio in Miami and develop micro interviews that will be useful for understanding Cannabis products.
Rafael Campo, Owner of Doral Studios, has long standing relationships with the biggest Spanish language broadcasters in the world and works with telemarketing associates to handle incoming calls. New Colombia Resources' President, John Campo, and Rafael Campo are related.
According to published reports, the U.S. Hispanic buying power is over $ 1.5 Trillion and spends the most on consumer goods over other multi-cultural segments. "We feel our target audience will accept our "Made in Colombia" products over other cannabis products of inferior quality," stated John Campo, President of New Colombia Resources, Inc.
Products the company plans to advertise to the Hispanic market include their all natural pain relief cream http://www.sannabis.co/_p/prd2/2838276511/product/pomada-caliente made with the following all natural active ingredients...
Bees Wax
Eucalyptus
Pine
Nettle
Castor Bean
Tabaco
Cannabis Sativa Flower (5 grams)
Additionally, New Colombia Resources will be giving an update on their cannabis based Orphan Drug Designation application with the FDA very soon.
To view or purchase cannabis based products from the Company's medical marijuana joint venture in Colombia, Sannabis, visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at http
microcaps1 Friday, 05/01/15 10:47:28 AM Re: None http://newtothestreet.tv/new-to-the-street-announces-upcoming-interviews-new-clients-new-networks-a-new-set
Re: Opti Mist post# 7417 Post # of 7617
''So, the permit application is real, the January 19, 2015 response from the agency requesting additional information on the environmental study was given to the agency (as we have seen posted) and is being worked on. Once that information request is satisfied the permit application will be sent to the legal department for appropriate action.'' 'Note: this was a very timely response from the Colombian environmental agency. It would indicate to me this permit is a high priority for issuance. Very positive news.' Very timely-in the USA agencies often defacto gut the Freedom of Info Act by requiring a a large bribe price to get any info or simply refer you to the company.
Permits greatly increase the value of the mine to possible investors-who prefer somebody else do the work to get the permits before they invest or JV etc.
This is the last permit before operations. The MPO has already been approved approved. Plus the aggregate,for which they reported they already had the major equipment ready to go, would be produced first to provide capital to grow mining operations.
Since this is apparently already a coal mining district and unemployment is a traditional problem,it does not seem that there would be any major roadblocks in finishing the socialization- environmental permit process begun April 2014. Hopefully the socialization site visit after May 1-see 10k- will speed things up.
NEWC mine in yellow and orange rectangles-see posts and the website. Nearby mine/coal seam in orange- http://www.newcolombiaresources.com/
The river goes thru part of the concession-which is why -as the river is apparently being or has been dredged-would be used to transport coal for export etc to the USA etc where its increasingly difficult to produce coal due to political and environmental considerations,a situation which now includes China,where China's legendary poisonous smog impacts the health of 100's of millions-so China heavily imports coal to such an extent that shipping rates are sometimes heavily impacted. A few years ago China shut down coal mines due to a major accident and the consequent increase in imports impacted worldwide shipping. Plus they will use the newly built or rebuilt Ruta del Sol road ca 1.6 miles away,connecting to a highway not far away to transport internally.
post 7617:
About Guaduas, Colombia Our first mining acquisition is [near] the town of Guaduas, Colombia. NEWC will become a responsible neighbor in Guaduas. The company will sponsor health centers, schools, and many other causes when needed. Under Colombian law, mining companies are required to donate for social benefit. Mr. Erasmo Almanza, shareholder, has strong ties to the community and expects NEWC to have the full faith and support of the Town of Guaduas. Guaduas is a municipality of 35,000 people with excellent electrical and water supply and an ample workforce. For more information on Guaduas, click. http://translate.google.com.co/translate?u=http://www.guaduas-cundinamarca.gov.co&hl=es&ie=UTF-8&sl=es&tl=en New Colombia Resources, Inc. (NEWC.PK), through its wholly owned subsidiary, will acquire, explore and develop coal mining concessions in Colombia. Our first acquisition, La Tabaquera Concession Contract No. ILE-09551 (“The Concession”) granted for the Exploration and Exploitation of a Carbon Mineral and other Grantable Mineral Deposits by the Colombian Institute of Geology and Mining (INGEOMINAS), will allow us to enter the growing Colombian coal mining industry. We will implement new US mining technologies to provide innovative approaches to geological engineering, and clean coal mining in Colombia. ... The Company was notified by the CAR, that, after May 1, 2015, the CAR will visit the work zone for socialization of the mining project with the community. ..." http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10656872
They are focusing on the La Tabaquera coal and rock project (the “Project”) located in the Municipality of Guaduas, approximately 100 kilometers northwest of Bogota. This Project’s haul roads are easily accessible either by National Highway I-50 or the new Ruta del Sol. The property is within 50 Km of the Magdalena River, providing easy transport to terminals in Barranquilla, Santa Marta or Cartagena for export. The Magdalena River is being dredged to allow cargo from La Dorada which in close proximity to their mine. During 2014, they purchased a rock crushing plant with a capacity to process over 100 m3/hour of aggregates which is expected to be operating in 2015. Demand is strong for building material in Colombia since many illegal mines have been closed as new construction and infrastructure projects come online. The construction industry in Colombia grew 10% in 2014. An “Estimate of Probable Reserves and Grantable Potential of Coal at La Tabaquera Mine” report was prepared on behalf of New Colombia in September 2011. The report estimated reserves for La Tabaquera Project of 13,073,935 cubic meters for a total of 16,996,116 tons of bituminous coal (non JORC compliant), with 70% being metallurgical hard coking coal and 30% thermal coal.
They were already near the end of a long process to get aggregate work permit approved
and since the work plan is usually the biggie in latin america,there's a good possibility the env permit could follow shortly,especially because most of the things normally investigated as part of an env permit apparently have already been investigated since 2013,including site/social visits
Land use planning in my experience is a highly political process. When the political winds are favorable,the govt can facilitate things(county land use planners are often called facilitators) and things can move fast-tax revenue being the only thing the govt cares about. In such situations I've seen govts bypass laws and illegally approve without public input in the USA.
Nearby Venezuela is in deep trouble/anarchy due to fall in oil prices and psychotic dictators. Loss of oil revenue has apparently hurt Columbia also.
So now the pro-govt revenue/pro-development course subsequent to the peace treaty is a highly favorable development for NEWC.
Work plans are usually the biggest permit in Latin America-very extensive documents compiled by specialized scientific/engineering companies who charge heavily.
The coal work plan was approved Dec 2013.
Added aggregate to work plan 2014-resulting in an unexpected long wait for approval.
"Under formal review" means the specialized engineering firm NEWC hired to address the govts concerns re the initially submitted 2014 aggregate work plan was of sufficient quality and substance in addressing those concerns that the govt was not going to(at least immediately)require NEWC to go back to the drawing board -a very good sign.
Recently,another PR noted a high level meeting with the govt to EXPEDITE the approval process.
Since land use IS political,the high level govt push to expedite gives NEWC reason to believe the final permit -the environmental permit-will now be approved shortly. Given the immensity of the work plans,the absence of NEPA and SEPA like protocols in most latin american countries and the political winds of favor,the final permit should be approved (under political orders) after all these years of delay, quickly.
NEWC
New Colombia Resources Receives Notice From National Mining Agency (ANM) That Their Work Plan Adding Raw Building Materials to Existing Approval for Metallurgical Coal Is Under Review
Metallurgical Coal Prices Have Surged Over 150% in Past Few Weeks, Goldman Sachs Says Higher Coking Coal Prices Are Here to Stay
BARRANQUILLA, COLOMBIA -- (Marketwired) -- 09/27/16 -- New Colombia Resources, Inc. (OTC PINK: NEWC) ("New Colombia or the 'Company"), a Colombian company listed in the U.S. with premium metallurgical coal mining titles, is pleased to announce a letter from the Agencia Nacional de Mineria (ANM) stating the addition of raw building materials to their existing approved work plan for coal is under review. The company believes this is a final step before approval.
The letter including the background history of the mining title and all the works submitted by New Colombia Resources can be viewed at https://drive.google.com/open?id=0BxSKP5j2FlseY3VGcl9WUUpBa0k
The company's concession contract ILE-09551 for coal and other grantable minerals submitted a work plan for coal mining in December 2012; it was approved in December 2013. Due to poor market conditions for coal, in 2014 the company decided to add raw building materials to the work plan to build a gravel pit to supply the growing construction and infrastructure projects in Colombia. The construction market grew by 10% in 2014 making building materials an attractive market. New Colombia Resources spent much of 2014 raising the capital needed to hire an international exploration company to produce a work plan for raw building materials and create other revenue generating businesses.
In 2015 they hired South American Explorations (SAM) and Diego Caicedo as project manager. SAM completed the work plan in February 2016 and it was submitted to the ANM. In April 2016, the ANM performed a site visit to the Company's property and recommended they redo the work plan to include two gravel pits instead of one in order to not disturb a small creek that the original plan rerouted. SAM produced a new mining design that includes two pits instead of one. A copy of the new mine design can be seen here https://drive.google.com/open?id=0BxSKP5j2FlseeG91LXY3WllJU28
In June 2016, the company resubmitted the new mine design taking into consideration the recommendation from the ANM; last week they received notice it is under review and not to begin mining operations until final approval. The Company expects final approval in short order, once approved, the resolution of approval will be forward to the local environmental agency for their approval to begin mining operations for both gravel and coal. Plans are to begin immediately crushing rocks to generate revenue. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton, Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant price increases in the past few weeks.
The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier. New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources is making strong efforts to retire debt that is being converted into free trading shares causing pressure to the company's stock price, although the Company believes this creates an attractive entry to point for investors.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resources, Inc. New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit www.sannabis.co. For more information on the Company visit www.newcolombiaresources.com.
after audited financials are filed with otcmarkets.com and edgar that will allow institutions and other big buyers to join the party and thus hopefully and logically-if there's any logic left-break the manipulation which has so far largely controlled price
its scary how good the news looks-should be worth an extra doggie bone
whats the discounted future value of that in a co at this low pps
thats just for the met coal-not the thermal coal or the blue gem coal
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 245/tonne. Original plans are for output of 30,000 tonne/month, at today's spot price that would generate monthly revenue of over US$ 7,000,000.
Metallurgical coal is the hottest commodity this year with surging prices over 300% this year. www.mining.com/chart-no-stopping-insane-coal-price-rally/
anytime the govt has your back in land use planning thats a big doggie plus
The ANM is encouraging New Colombia Resources to develop their operations as quickly as possible to advance the mining sector in Colombia. The decline in royalties from oil production has prompted the government to help companies like New Colombia Resources develop their properties to generate jobs and royalties while supplying the world market with the hottest commodity of 2016. The Agency is focused on encouraging direct foreign investment to Colombia's mining sector, they are referring international coal buyers to New Colombia Resources.
and absent manipulation this should've woken up people
New Colombia Resources Meets with National Mining Agency (ANM) to Advance Approval for a Permit for Mining Operations to Generate Significant Revenue
ANM has already approved the Company's work permit for metallurgical coal as prices continue to surge up 300% this year
BARRANQUILLA, COLOMBIA -- (Marketwired) -- 10/26/16 -- New Colombia Resources, Inc. (OTC PINK: NEWC) ("New Colombia or the 'Company"), a Colombian company listed in the U.S. with premium metallurgical coal properties and medical marijuana operations, met with the Agencia Nacional de Mineria (ANM), at their request, to advance the expedition of a Work Permit to begin rock mining operations. The Company already has an approved Work Plan for coal mining, however, they're awaiting approval of the rock mining permit to begin operation on both rocks and coal. Metallurgical coal is the hottest commodity this year with surging prices over 300% this year. www.mining.com/chart-no-stopping-insane-coal-price-rally/
The ANM is encouraging New Colombia Resources to develop their operations as quickly as possible to advance the mining sector in Colombia. The decline in royalties from oil production has prompted the government to help companies like New Colombia Resources develop their properties to generate jobs and royalties while supplying the world market with the hottest commodity of 2016. The Agency is focused on encouraging direct foreign investment to Colombia's mining sector, they are referring international coal buyers to New Colombia Resources.
"We appreciate the ANM's willingness to help us as we're committed to bringing our mining operations into production creating significant value to our shareholders," commented John Campo, President of New Colombia Resources. The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 245/tonne. Original plans are for output of 30,000 tonne/month, at today's spot price that would generate monthly revenue of over US$ 7,000,000.
New Colombia Resources' subsidiary, Compañía Minera San Jose Ltda. has entered into a US$ 200 Million Letter of Intent with Asian partners to develop a coal power plant in Guaduas next to their coal properties. The ANM will facilitate a meeting with the Minister of Energy, President of the ANM, and other high government officials when the Asian partners come to Colombia in the coming weeks.
The generation plant will create a local market for the Company's thermal coal as they export premium metallurgical coal. At the meeting with the ANM was Miguel Centanaro, New Colombia's logistic coordinator, who is rehabilitating rail projects to haul premium coking coal direct from the mine to the export terminals on the Caribbean coast. Mr. Centanaro is in talks with the largest investment bankers in the U.S. to the finance the project, which was featured in an article in the Business Year, https://www.thebusinessyear.com/colombia-2016/long-wide-rails/interview
New Colombia Resources filed an 8K yesterday with the Securities and Exchange Commission (SEC) disclosing the elimination of a debt that was being converted into free trading shares before the recent rise in stock price. Although the Company still has some relatively small debt on the books that they intend to eliminate, they do not feel it will have any impact on share price with current trading patterns. The Company is finalizing their 10K report to be submitted to the SEC that will provide more detail. The Company has not taken on any more convertible debt than is shown in their last 10K filed in 2015, much of this debt has been eliminated.
New Colombia Resources understands the importance of the upcoming U.S. election in the medical marijuana industry. The Company's joint venture, Sannabis, is a leader in medical marijuana products in Colombia and plans to dominate in specific sectors in the U.S. Major developments in medical marijuana will be announced leading up to and beyond the elections.
To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit www.sannabis.co. For more information on the Company visit www.newcolombiaresources.com.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements might not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
New Colombia Resources, Inc.
John Campo
President/Chairman
(1)-410-236-8200 USA
(57)-318-657-0918 Colombia
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.??
meaning this:
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
BARRANQUILLA, Colombia, October 19, 2016 /PRNewswire/ --
Metallurgical Coal prices continue to surge, up over 300% this year to over $ 230/tonne
New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or the 'Company"), a Colombian resource company listed in the U.S. with premium metallurgical coal mining titles and medical marijuana subsidiaries is pleased to report on the status of a project to build a thermal coal power plant in Guaduas, Colombia. Company subsidiary, Compañía Minera San Jose Ltda. entered into negotiations earlier this year with a foreign entity to build a 300 Megawatt thermal coal power plant near their estimated vast coal reserves. This entity has secured a Letter of Intent for US$ 200 Million from a major construction company in China to join a consortium to finance the development of the coal operations to feed this new plant and construction of the power plant.
New Colombia Resources' Director, Erasmo Almanza, received a report from the consortium partner on the status of negotiations of the installation of the thermal coal power plant in Guaduas. The report states there have been meetings with the financing team seeking the best financing option for the project and have modified the volume of power generation to optimize material inventory with time. A decision was made to program a meeting with Mr. Almanza after these adjustments are finalized to protocolize the negotiations and establish the new power company.
Guaduas is located 110 Km northeast of the capital of Bogota with an estimated 10 Million people. Colombia's energy generation is dominated by hydro-electric which causes concerns during droughts and a weather phenomenon.
The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal, for a comprehensive estimate of probable reserves on their first concession contract ILE-09551 visit http://www.newcolombiaresources.com/assesment.php
The concession contract to be developed by the consortium is in close proximity to Concession Contract ILE-09551 and expected to have a similar 70/30 ratio of coking coal to thermal coal.
The Company feels this is a major development creating a local market for their thermal coal while developing metallurgical coking coal that has more than tripled in price this year to over $ 230/tonne. Additionally, the Company has met with a multi-billion-dollar Asian conglomerate interested in their premium metallurgical coal.
.
Goldman Sachs issued a report stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton (NYSE: BHP), Consol Energy Inc. (NYSE: CNX), and Cloud Peak Energy Inc. (NYSE: CLP) have seen significant price increases in the past few weeks.
Additionally, Company attorney is drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co. For more information on the Company visit http://www.newcolombiaresources.com.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements might not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Company Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
+1-410-236-8200 USA
jcampo@newcolombiaresources.com
SOURCE New Colombia Resources Inc.
this alone should send it soaring absent manipulation
http://www.otcmarkets.com/stock/NEWC/news
since mj is not traditionally defined as a commodity
the longs who have been here before the momo started were here because of the coal
but as i said in my post re those who have joined the board since:
''just humor putting this in perspective since most are just playing the latter 2'' [med mj and orphan drug]
also independent articles have noted coal is the hottest commodity right now due to the 300%? price rise in met coal
ridiculously undervalued-for those who want to see why check out my sticky post
they already have 1 1hr infomercial ready I guess-only watched part of it because I dont do Spanish but somebody who does could tell us their opinion of the infomercial
yes after the initial short covering by mm's etc I agree -the mm's want cheapies so they make more of a killing when that bigger investment pool arrives
30c will possibly pay for in-ground coal value not counting new concessions, 200M LOI etc and then we could start on the med mj and orphan drug app value- just humor putting this in perspective since most are just playing the latter 2
massive potential if coming catalysts trigger that much larger investment pool and overwhelms the manipulation
if theres any logic pps will rise over time
sorry for the delay but down to my last free post of the day
your english is much better than my non- spanish
i would say it is delusion deception so deep they dont recognize that they reap what they sow (recognized by all organized religions? such as karma)
and that no values means a nihilistic anarchy where nobodies property or life is safe
the universe has unavoidable laws which they cannot escape
emphasis added:
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the financials are being audited w these guys-apparently the largest penny auditing co
http://www.malonebailey.com/
the 1 hr documentary for the infomercial is on youtube
mention of epilepsy again-1 of many times -so that maybe the orphan drug application
i mod another stock-a "no info" biotech which went for 2 to 20c recently
http://finance.yahoo.com/news/colombia-resources-medical-marijuana-joint-133215171.html
once audited financials are filed-they are w the auditor right now-institutions-held back right now due to fiduciary duty until finances are filed- can start playing and other fiscally conservative whales-
they havent played any of the catalysts announced -
and the pps hasnt really either due to massive manipulation-but when the potential investment pool dramatically widens we will have an opportunity to push past the manipulation-and no matter who wins the election w a more business friendly admin
you tell him-yes the in ground coal alone,not counting new concessions or the 200 M LOI
is worth probably over 25c pps
and the speculative value or the future discounted value of 7M monthly coal revenue and 200 M LOI is anybodies guess
http://www.otcmarkets.com/stock/NEWC/news
From 9-27 PR: "The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier.'' This includes regulated med mj- cf to prior illegal THC (psychogenic) focused mj
Compared to other med mj stocks NEWC is actually a mining company with many emerging or upcoming revenue streams representing unrealized value,including:
1) most everybody knows about NEWC's participation in med mj via its JV SANNABIS SUB,including a product high in CBD but no THC for export to USA and a 29 page catalog being translated to English
2) and its new JV sub for application for an ORPHAN DRUG- possibly for epilepsy,especially for children,as that has been mentioned in NEWC releases a couple times.
3) BLUE GEM coal-previous PR said would be obtaining coal equipment from KY-TN border at fire sale prices
From 9-27 PR:
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA [ca 12250 acres] of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill."
4) METALLURGICAL coal to coke steel furnaces- "The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal". Coking coal commands higher prices than thermal (space heating).
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
5) THERMAL coal- see the 10-19 PR below :
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
6) in addition to the original coal concession with an estimated 15-17 million tonnes of reserves they have "another pending ACQUISITION for 390 ha and a solicitation contract for 184 ha metallurgical coal" concession- the additional 574 hectares totalling ca 2.22 square miles-ca 1420 acres.
7) this was averaging ca 4c PPS many years ago before the original coal work plan was even approved in Dec 2013.
Final permits are close, greatly increasing value, as permits are a major factor in mining company value.
7) since then AGGREGATE has been added to work plan and the appropriate Govt land use agency is formally reviewing NEWC's professional scientific modification of its aggregate plan to conform to govt request for modification from 1 to 2 pits.
'The cash flow from the gravel operations will allow them to begin coal mining operations on their own." on their original metallurgical concession.
From the 9-27 PR: Plans are to begin immediately crushing rocks to generate revenue [once permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
8) CONVERTIBLE DEBT ELIMINATION: pps was strangled to a ridiculous low due to the typical convertible notes required to enable these companies to turn the corner until revenue begins. NEWC forecast a pending 8k to announce all debt that can be [at least currently]converted has been eliminated: "Drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares".
9) UPDATED FINANCIALS
Pps also suffered due to a long delay in financial reporting due to financial exigencies. Toxic debt resulting in the maniacal conversion by a holder who cared nothing about operations was incurred to allow NEWC to pay auditors etc to update SEC reporting financials,which are expected by the end of October.
Many INSTITUTIONS,due to fiduciary duty, cannot invest until financials are updated. MM's know this -may be partly why MM's have been heavily buying. Updated financials will greatly increase the investor pool.
10) Upcoming USA ELECTIONS are providing cover for many pennies(until financials) to "preserve the legacy'' and are expected to increase the USA market for both medical and recreational MJ.
11) PR's note NEWC purchase of hemp plantations
http://www.otcmarkets.com/stock/NEWC/news
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
BARRANQUILLA, Colombia, October 19, 2016 /PRNewswire/ --
Metallurgical Coal prices continue to surge, up over 300% this year to over $ 230/tonne
New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or the 'Company"), a Colombian resource company listed in the U.S. with premium metallurgical coal mining titles and medical marijuana subsidiaries is pleased to report on the status of a project to build a thermal coal power plant in Guaduas, Colombia. Company subsidiary, Compañía Minera San Jose Ltda. entered into negotiations earlier this year with a foreign entity to build a 300 Megawatt thermal coal power plant near their estimated vast coal reserves. This entity has secured a Letter of Intent for US$ 200 Million from a major construction company in China to join a consortium to finance the development of the coal operations to feed this new plant and construction of the power plant.
New Colombia Resources' Director, Erasmo Almanza, received a report from the consortium partner on the status of negotiations of the installation of the thermal coal power plant in Guaduas. The report states there have been meetings with the financing team seeking the best financing option for the project and have modified the volume of power generation to optimize material inventory with time. A decision was made to program a meeting with Mr. Almanza after these adjustments are finalized to protocolize the negotiations and establish the new power company.
Guaduas is located 110 Km northeast of the capital of Bogota with an estimated 10 Million people. Colombia's energy generation is dominated by hydro-electric which causes concerns during droughts and a weather phenomenon.
The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal, for a comprehensive estimate of probable reserves on their first concession contract ILE-09551 visit http://www.newcolombiaresources.com/assesment.php
The concession contract to be developed by the consortium is in close proximity to Concession Contract ILE-09551 and expected to have a similar 70/30 ratio of coking coal to thermal coal.
The Company feels this is a major development creating a local market for their thermal coal while developing metallurgical coking coal that has more than tripled in price this year to over $ 230/tonne. Additionally, the Company has met with a multi-billion-dollar Asian conglomerate interested in their premium metallurgical coal.
.
Goldman Sachs issued a report stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton (NYSE: BHP), Consol Energy Inc. (NYSE: CNX), and Cloud Peak Energy Inc. (NYSE: CLP) have seen significant price increases in the past few weeks.
Additionally, Company attorney is drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co. For more information on the Company visit http://www.newcolombiaresources.com.
< Back
New Colombia Resources Meets with National Mining Agency (ANM) to Advance Approval for a Permit for Mining Operations to Generate Significant Revenue
ANM has already approved the Company's work permit for metallurgical coal as prices continue to surge up 300% this year
BARRANQUILLA, COLOMBIA -- (Marketwired) -- 10/26/16 -- New Colombia Resources, Inc. (OTC PINK: NEWC) ("New Colombia or the 'Company"), a Colombian company listed in the U.S. with premium metallurgical coal properties and medical marijuana operations, met with the Agencia Nacional de Mineria (ANM), at their request, to advance the expedition of a Work Permit to begin rock mining operations. The Company already has an approved Work Plan for coal mining, however, they're awaiting approval of the rock mining permit to begin operation on both rocks and coal. Metallurgical coal is the hottest commodity this year with surging prices over 300% this year. http://www.mining.com/chart-no-stopping-insane-coal-price-rally/
The ANM is encouraging New Colombia Resources to develop their operations as quickly as possible to advance the mining sector in Colombia. The decline in royalties from oil production has prompted the government to help companies like New Colombia Resources develop their properties to generate jobs and royalties while supplying the world market with the hottest commodity of 2016. The Agency is focused on encouraging direct foreign investment to Colombia's mining sector, they are referring international coal buyers to New Colombia Resources.
"We appreciate the ANM's willingness to help us as we're committed to bringing our mining operations into production creating significant value to our shareholders," commented John Campo, President of New Colombia Resources. The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 245/tonne. Original plans are for output of 30,000 tonne/month, at today's spot price that would generate monthly revenue of over US$ 7,000,000.
New Colombia Resources' subsidiary, Compañía Minera San Jose Ltda. has entered into a US$ 200 Million Letter of Intent with Asian partners to develop a coal power plant in Guaduas next to their coal properties. The ANM will facilitate a meeting with the Minister of Energy, President of the ANM, and other high government officials when the Asian partners come to Colombia in the coming weeks.
The generation plant will create a local market for the Company's thermal coal as they export premium metallurgical coal. At the meeting with the ANM was Miguel Centanaro, New Colombia's logistic coordinator, who is rehabilitating rail projects to haul premium coking coal direct from the mine to the export terminals on the Caribbean coast. Mr. Centanaro is in talks with the largest investment bankers in the U.S. to the finance the project, which was featured in an article in the Business Year, https://www.thebusinessyear.com/colombia-2016/long-wide-rails/interview
New Colombia Resources filed an 8K yesterday with the Securities and Exchange Commission (SEC) disclosing the elimination of a debt that was being converted into free trading shares before the recent rise in stock price. Although the Company still has some relatively small debt on the books that they intend to eliminate, they do not feel it will have any impact on share price with current trading patterns. The Company is finalizing their 10K report to be submitted to the SEC that will provide more detail. The Company has not taken on any more convertible debt than is shown in their last 10K filed in 2015, much of this debt has been eliminated.
New Colombia Resources understands the importance of the upcoming U.S. election in the medical marijuana industry. The Company's joint venture, Sannabis, is a leader in medical marijuana products in Colombia and plans to dominate in specific sectors in the U.S. Major developments in medical marijuana will be announced leading up to and beyond the elections.
To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
the 2011 survey was actually over 16.9 million tons, so don't know why PR says 15-17M
metallurgical coking coal rose from 70 to ca 210 as per an independent article I posted
coking coal was valued at 9/ton in ground- a major factor in what a company might pay to buy the concession now that all permits except a soon pending env permit have been approved.
Can't find an updated in ground price-below I estimated very conservatively based on price increases for coal that the 2011 appraisal of ca 50 million would, due to said price increases,probably be a minimum of 75 million now -
but in 2011,when the 50 million est was made the work plan had not even been formed let alone approved -was approved Dec 2013 and env permit has been in process since then- NEWC addressed the last known govt change to aggregate operations and said change has been under formal review by the govt-instead of 1 big pit to utilize 2 separate permits for the protection of a stream-since NEWC responded via a scientific and geological professional company due to the desired changes it is likely NEWC's modifications will be approved- wouldnt be under formal review if the govt agency saw any glaring deficiencies-so this final permit for aggregate /coal operations could be 1 of the new developments to be PR'd soon.
Permits greatly increase value of a mine since the substantial scientific reports necessary to obtain permits are expensive and the land use planning process typically takes many years etc. Some mining co's now claim the process often takes 15 years in the USA(1 PR said an average of 15 years!)
One mining co I modded on another site-RVM- had a 12 year battle for 1 concession and was still working on it when Hecla bought them out.
So my conservative value of 22c/share for in ground value of coal below does not even take into to account these factors-
1) the added value of the permits
2)plus additional optioned concessions
3)full value of tripling of met coal price
4) also they added aggregate operations to the work plan and that value is not included in the 22c estimate either-1 highway under construction or soon to be-Opti has been there and would know more- -Ruta del Sol?- is only ca 11km from the mine
5) Med mj JV
6)Orphan drug application
as long as coal prices stay high in ground coal should be worth 100 million especially w additional concessions mentioned by website and PR's-if so in ground coal alone would set a value of .294 pps-your estimate($100M divided by 340M OS)
its anybodies guess how much value the additional 5 factors above might add- but since the trading has essentially ignored the mining value I would say most here consider the med mj and orphan application to be worth much more than value of in ground coal-so maybe 1 dollar pps as some have mentioned?
Though this is currently obviously trading on the med mj and upcoming orphan drug designation just want to remind that this has other revenue streams also which alone support a much higher value now that the co has apparently turned the corner.
so the following was my original prognostications:
A 2011 preliminary study noted on website indicated in situ value of thermal coal was 3 dollars/unit,coking coal was 9 dollars/unit- then placing in situ value of just under 50 million dollars(over 49 million)- this apparently does not include additional concessions being acquired since then
Coal,esp coking coal- rose significantly recently-from 70-210 due to China reducing domestic production etc
haven't found current in situ prices but based on such rise in situ for coking coal logically would be 3x larger
Also have blue gem coal "used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products"
PR says est 15-17 million tons coal-2011 study said over 16.9 million tons-of coking and thermal and blue gem coals
My own conservative estimate of in situ(in ground) prices of ca 75 million and 340M OS alone would be a value of 22c/share- not counting the aggregate or the med mj
pps was decimated by toxic conversion resulting from years of typical land use planning delays but now that it seems evident the co has turned the corner and will not join the mining graveyard,the pps is greatly undervalued and has not taken these things into consideration
also what is the discounted future value of $6M/month in mining revenues-just saying the market/players here dont even know about these things-trading currently is based solely on med mj and orphan drug
bracketed material is mine:
from the 9-27 PR
Plans are to begin immediately crushing rocks to generate revenue[once final permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton, Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant price increases in the past few weeks.
The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier. New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources is making strong efforts to retire debt that is being converted into free trading shares causing pressure to the company's stock price, although the Company believes this creates an attractive entry to point for investors.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resources Inc Details Marketing Campaign to Run Commercials on Major Networks to Sell Cannabis Based Products from Colombia to the U.S. Hispanic and Latin American Markets
BARRANQUILLA, Colombia, October 27, 2016 /PRNewswire/ --
Company to run commercials on major networks including FOX, Universal, and ESPN.
New Colombia Resources, Inc. (NEWC) ("New Colombia or the Company"), a U.S. listed Colombian company with natural resource assets in Colombia, is pleased to detail initial marketing plans to introduce their 100% organic, all natural medical marijuana products to the $ 1.5 Trillion U.S. Hispanic and Latin American Markets. Company contacts in the infomercial industry allow for a massive international campaign at the best rates possible for production and airtime.
New Colombia Resources' President will be in Miami next week implementing the campaign to begin marketing products immediately to be in a dominant positon come January. The Company will bring on board well known and respected Latin American and U.S. sports stars to help market their products.
Doral Studios Inc. d/b/a RC Television Production has been producing English and Spanish speaking commercials, infomercials, music videos, and political campaign ads for over 15 years. They have a state of the art production studio in Doral, FL where they have produced the most successful Spanish language infomercials on the air in the U.S. and Latin America. RC Television handles every aspect of an infomercial including: concept, logo, animation, graphics, passive and aggressive CTA (Call to Action), and high definition production. They work with focus groups to determine the direction of the product or idea. To view Doral Studios demos visit http://www.youtube.com/results?search_query=doral+studios
The initial marketing campaign for their all natural cannabis products will be handled in two phases.
Phase 1
Create a campaign by social expectation with short and direct videos that can be strengthened by 20 or 30 second Television commercials and disseminated by region.
Initiate a series of video interviews of reputable professionals to confirm that this movement is one of the best natural alternatives for different types of ailments.
Hit the streets to tape surveys and interviews with patients interested in alternative medicine.
For this campaign Doral Studios, will put in play an exclusive channel that is interactive with social media that gives immediate presence and creates micro reports which will be valuable in the future.
Phase 2
Develop a campaign of 120 second commercials and broadcast to Latin American television media networks that reach 12 countries and is more economical compared to local networks. These networks include Universal and Studio Universal, owned by Comcast Corporation (NASDAQ: CMCSA) and Fox, FX, Mundo Fox, and Fox Life owned by 21st Century Fox (NASDAQ: FOXA) among others. Doral Studios maintains strong contracts in the Direct Response industry that are available to New Colombia Resources.
Create a digital magazine that supports both campaigns with informational articles to maintain the commercials mainstream.
Develop programs for Radio and Internet broadcast
Doral Studios provides infinite alternatives to guarantee a successful campaign and the creative means to achieve them. Doral Studios has a radio channel and on-line TV channel they can activate and operate directly from their state of the art studio in Miami and develop micro interviews that will be useful for understanding Cannabis products.
Rafael Campo, Owner of Doral Studios, has long standing relationships with the biggest Spanish language broadcasters in the world and works with telemarketing associates to handle incoming calls. New Colombia Resources' President, John Campo, and Rafael Campo are related.
According to published reports, the U.S. Hispanic buying power is over $ 1.5 Trillion and spends the most on consumer goods over other multi-cultural segments. "We feel our target audience will accept our "Made in Colombia" products over other cannabis products of inferior quality," stated John Campo, President of New Colombia Resources, Inc.
Products the company plans to advertise to the Hispanic market include their all natural pain relief cream http://www.sannabis.co/_p/prd2/2838276511/product/pomada-caliente made with the following all natural active ingredients...
Bees Wax
Eucalyptus
Pine
Nettle
Castor Bean
Tabaco
Cannabis Sativa Flower (5 grams)
Additionally, New Colombia Resources will be giving an update on their cannabis based Orphan Drug Designation application with the FDA very soon.
To view or purchase cannabis based products from the Company's medical marijuana joint venture in Colombia, Sannabis, visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at http
microcaps1 Friday, 05/01/15 10:47:28 AM Re: None http://newtothestreet.tv/new-to-the-street-announces-upcoming-interviews-new-clients-new-networks-a-new-set
Re: Opti Mist post# 7417 Post # of 7617
''So, the permit application is real, the January 19, 2015 response from the agency requesting additional information on the environmental study was given to the agency (as we have seen posted) and is being worked on. Once that information request is satisfied the permit application will be sent to the legal department for appropriate action.'' 'Note: this was a very timely response from the Colombian environmental agency. It would indicate to me this permit is a high priority for issuance. Very positive news.' Very timely-in the USA agencies often defacto gut the Freedom of Info Act by requiring a a large bribe price to get any info or simply refer you to the company.
Permits greatly increase the value of the mine to possible investors-who prefer somebody else do the work to get the permits before they invest or JV etc.
This is the last permit before operations. The MPO has already been approved approved. Plus the aggregate,for which they reported they already had the major equipment ready to go, would be produced first to provide capital to grow mining operations.
Since this is apparently already a coal mining district and unemployment is a traditional problem,it does not seem that there would be any major roadblocks in finishing the socialization- environmental permit process begun April 2014. Hopefully the socialization site visit after May 1-see 10k- will speed things up.
NEWC mine in yellow and orange rectangles-see posts and the website. Nearby mine/coal seam in orange- http://www.newcolombiaresources.com/
The river goes thru part of the concession-which is why -as the river is apparently being or has been dredged-would be used to transport coal for export etc to the USA etc where its increasingly difficult to produce coal due to political and environmental considerations,a situation which now includes China,where China's legendary poisonous smog impacts the health of 100's of millions-so China heavily imports coal to such an extent that shipping rates are sometimes heavily impacted. A few years ago China shut down coal mines due to a major accident and the consequent increase in imports impacted worldwide shipping. Plus they will use the newly built or rebuilt Ruta del Sol road ca 1.6 miles away,connecting to a highway not far away to transport internally.
post 7617:
About Guaduas, Colombia Our first mining acquisition is [near] the town of Guaduas, Colombia. NEWC will become a responsible neighbor in Guaduas. The company will sponsor health centers, schools, and many other causes when needed. Under Colombian law, mining companies are required to donate for social benefit. Mr. Erasmo Almanza, shareholder, has strong ties to the community and expects NEWC to have the full faith and support of the Town of Guaduas. Guaduas is a municipality of 35,000 people with excellent electrical and water supply and an ample workforce. For more information on Guaduas, click. http://translate.google.com.co/translate?u=http://www.guaduas-cundinamarca.gov.co&hl=es&ie=UTF-8&sl=es&tl=en New Colombia Resources, Inc. (NEWC.PK), through its wholly owned subsidiary, will acquire, explore and develop coal mining concessions in Colombia. Our first acquisition, La Tabaquera Concession Contract No. ILE-09551 (“The Concession”) granted for the Exploration and Exploitation of a Carbon Mineral and other Grantable Mineral Deposits by the Colombian Institute of Geology and Mining (INGEOMINAS), will allow us to enter the growing Colombian coal mining industry. We will implement new US mining technologies to provide innovative approaches to geological engineering, and clean coal mining in Colombia. ... The Company was notified by the CAR, that, after May 1, 2015, the CAR will visit the work zone for socialization of the mining project with the community. ..." http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10656872
They are focusing on the La Tabaquera coal and rock project (the “Project”) located in the Municipality of Guaduas, approximately 100 kilometers northwest of Bogota. This Project’s haul roads are easily accessible either by National Highway I-50 or the new Ruta del Sol. The property is within 50 Km of the Magdalena River, providing easy transport to terminals in Barranquilla, Santa Marta or Cartagena for export. The Magdalena River is being dredged to allow cargo from La Dorada which in close proximity to their mine. During 2014, they purchased a rock crushing plant with a capacity to process over 100 m3/hour of aggregates which is expected to be operating in 2015. Demand is strong for building material in Colombia since many illegal mines have been closed as new construction and infrastructure projects come online. The construction industry in Colombia grew 10% in 2014. An “Estimate of Probable Reserves and Grantable Potential of Coal at La Tabaquera Mine” report was prepared on behalf of New Colombia in September 2011. The report estimated reserves for La Tabaquera Project of 13,073,935 cubic meters for a total of 16,996,116 tons of bituminous coal (non JORC compliant), with 70% being metallurgical hard coking coal and 30% thermal coal.
and they knew each other for sometime both from the same port city
I was surprised to learn they bought the rock crushing plant from
Mr baseball
Mr. Renteria and Company President John Campo are both from Barranquilla, Colombia where New Colombia Resources operates. Edgar uses the Sannabis Pomada Caliente (hot cream) for aches and pains and can attest to its effectiveness. This endorsement is expected to increase sales in Latin America and eventually the U.S. The 2018 Central American and Caribbean Games will be played at the new Edgar Renteria Stadium being built in Barranquilla. The Company believes that a possible brand placement at this international event will be good for sales. Edgar has an impeccable reputation on and off the field and will be a huge asset to the company by introducing them to other world class sports figures that can use and endorse their products.
In 2014, New Colombia Resources purchased a rock crushing plant from Mr. Renteria for their mining operations in Guaduas, Colombia. The Company is negotiating the remaining balance of the purchase in exchange for restricted shares of New Colombia Resources. This transaction will eliminate that debt on the Company's balance sheet.
"I'm honored to have Edgar on board to help us promote our 'Made in Colombia' Sannabis medical marijuana products to the Latin American community while creating a new industry for a post conflict Colombia," stated John Campo, President of New Colombia Resources. "We're also in talks with a former NFL player to help promote our products as well," further commented Mr. Campo.
Mr. Renteria and Company President John Campo are scheduled to meet this morning at Doral Studios in Miami to coordinate the initial Phase 1 of the marketing campaign