New Colombia Resources Inc fka NEWC

[OneDay4488]

Some of the reasons I have been buying more shares of NEWC

New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. We own 100% of La Tabaquera coal mine in Guaduas, Colombia with an estimated 15- 17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. SGS Colombia S.A. completed a drilling program for an N.I. 43-101 Technical Report; once financing is secured we will implement the program. Our Mining Plan of Operations (PTO) was approved on December 23, 2013. In April 2014 we applied for an environmental license. We expect to begin mining operation in August 2015.

MIAMI, FL--(Marketwired - Oct 21, 2015) - New Colombia Resources, Inc. (OTC PINK: NEWC) ("New Colombia" or the "Company"), a U.S. company with specialty metallurgical coal, medical marijuana, and hemp assets, is pleased to update shareholders on the progress of their operations in Colombia. New Colombia Resources is in the final phases of the review process for an environmental permit to begin mining activities. This process has taken longer than anticipated due to additional mining plans being added that will enhance value to shareholders.

Barchart has NEWC at a Strong buy of 76%
http://www.barchart.com/quotes/stocks/NEWC

Only 150 million shares outstanding along with a 25 million share float. If there is ever significant results in the mining process and or cannabis project there isn't much in the way to 10 cents IMHO. Until more potential shareholders become aware of NEWC the price swings are expected but I hope all recent buys adding to my position will payoff.