Thought you might find this interesting.
NMC, Inc. (OTC: NMCX), also known as Nevada Mining Company, Inc., operates through its subsidiaries including Peeples, Inc., and offers mining and ore processing services. The company owns over 5 mining claims in Mesquite, Nevada and over 15 mining claims in San Bernardino, California.
NMC, Inc. has made the transition between development-stage Company and a revenue-generating company. The company posted its 2003 Financial Report on its website giving the public its first view of the previously announced sale of approximately 26% of its ore in the Skull Valley mine for the sweet amount of $500 Million over a 10-year period. The first payment for this ore was paid in 2003 showing that the company had significant revenue established with additional deferred payments beginning by March 31, 2005... The first of these additional payments is in the amount of $350,000 followed by monthly payments of $500,000.00 monthly for the next two years. The balance of $489 Million will be paid over the next ten years which when factored out shows annual receivables of approximately $50 Million per year if equitably distributed.