NMC Inc. (fka NMCX)

[investorvest]

As NMC states:
we believe the Skull Valley concentrates will meet or exceed our book value of $432,000,000.

They've been saying it's worth $432,000,000 forever - since 2005 - check out the pink sheet 15c2-11 disclosure document on the pinksheet website. NMC actually sold the material for $500,000,000 in 2004, but the delinquent buyer defaulted in 2006.

As NMC says ( http://www.nmcinc.com/ ) :
"We recently engaged a financial adviser, the Blackstone Group, with respect to the proposed sale of the assets of the Company, including the Skull Valley Concentrates."
"Our future success is dependent on our ability to generate revenue from the sale of the Skull Valley Concentrates in the near future."

In three years PM prices have tripled and in some metals, more. Does the Blackstone Group engage themselves in billion dollars deals? Yes. Would NMC's book value triple or more in 3 years? Yes. Mining properties are hot - and scarace - and NMC has more than one!

Would TBG assist NMC to sell a billion dollars of minerals? Yes. Would they involve themselves with a grey sheet stock and possibly form a brokerage arrangement? Yes, if money is to be made. Many pink sheet stocks graduate to the NYSE! You just cannot tell which ones will make it back.

For example, Key Energy, traded on the grey sheets as KEGS. Now it's back to it's former glory trading on the NYSE for $14.

Should you buy NMCX? No. Not yet - wait for a fair valuation based on NMC's assets value. Either don't look at this or buy as much as you won't mind losing.