China Copper Play TNRO
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TNRO Reports 1st Qtr - OCT 12, 2007 HUGE Revenue Increases
132 MILLION in 4th Qtr Revs ALONE!! at 60% capacity of Stainless Steel
($88Mil Stainless Steel + $44 Mil Copper REVS)
284 MILLION DURING THE ENTIRE FISCAL YEAR 2006
PRoduction is RAMPING UP HARD with MORE & MORE CAPACITY COMING ON LINE
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Shandong Jinpeng Copper Co. Ltd. ("STJMC"), STJMC currently sells approximately 16,000 MT per annum of electrolytic copper, 6,000 MT per annum of low-oxygen copper rod, and 6,000 MT per annum of no-oxygen copper rod.
STJMC is planning the phasing in of approximately 140,000 MT of production capacity that has been newly constructed by Sino Partner
140,000 MT(Metric Tons) of Additional (COPPER) Electrolytic Capacity Coming On-line in the Near-Term - NOW!
"Although the construction of the plants is completed, these assets have not yet conveyed as contemplated under the STJMC JV, as revised and restated. The effective dates for conveying the assets under the STJMC JV are a function of the parties completing additional legal, accounting and governmental obligations, which have commenced"
THey Have now - THe financing is done, the bill has been paid.
HUGE INCREASE @ 30,000 MT to @ 170,000 MT ANNUAL COPPER PRODUCTION
Revenues of $44.5 million, from sales of 4,643 MT of electrolytic copper and copper rod, 1,372 MT of low-oxygen copper rod, 17,876 g of gold, and 1,598 kg of silver.
$44 MIL from 4,643 MT - DO THE MATH - 170,000 MT PRODUCTION CAPACITY COMING ONLINE
28x MORE PRODUCTION CAPACITY $44 Mil x 28 = 1.232 BILLION in REVS COMING FROM COPPER ALONE - SOON!
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For the three months ending May 31, 2007, the Shandong Quanxin Stainless Steel joint venture operations generated revenues of $88.8 million, with a total 28.3 metric tons (MT)
Shandong Quanxin Stainless Steel Co., Ltd., a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a recently commissioned 150,000 MT rolling mill.
$470 MIL ANNUALLY from the Stainless Steel rolling mill alone
ADD THEM UP
1.232 BIL (COOPER) + 470 Mil (Stainless Steel) 1.7 BILLION in ANNUAL REVENUES