Agreed, either today or tomorrow. The market cap here is ridiculously undervalued. 340M O/S (which hasn't changed in 2 days) multiplied by the current pps of .0148 = $5M
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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 revenues 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.
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Coking coal is about $US232.60 a tonne right now
So lets get this straight, that's $232.60 * 15 Million tonnes in the mine = $3.4 Billion dollars of coking coal before mining expenses...
Market cap should be around 100 Million dollars right now.
$100 Million / 340,000,000 outstanding shares = 0.29 per share
$NEWC
Everything I say is strictly my opinion, Trust No One!
