Mining, pinks/otc-bb

[siempre33]

Nord Resources-- this post by purepaloma
is what caught my attention.....

Very intriguing Copper Stock

NRDS - Nord Resources
http://www.nordresources.com

Company is about to fire up production of 20 million pounds of annual production.

Current market cap is about 5 Million dollars due to the fact that they are currently trading on the pink sheets.

It has been their goal all along that they would updated their filings with the SEC and work their way back to the big board (Used to be on the NYSE dating back to the 70's).

There is strong reason to believe that they will be updating their financials shortly as they were able to raise $2.75 Million from a bridge finance loan (no dilution) for this very purpose - along with getting contracts signed for subcontracted work.

ALL WILL HAPPEN SHORTLY IMO.

They also have properties bordering massive Phelps Dodge deposits that they are currently exploring. They also have a royalty of 2.5% NSR on a 200-300M/annual rev production Rutile mine in West Africa that is nearing production as well.

The stock moved up largely a year ago, but has maintained the 20-40 cent range most of 2004.

With a current stock price of 26 cents it's an INCREDIBLE way to buy copper at cheap valuations. It won't be this cheap once they get their SEC Filings posted. Again, you're not buying a massive proven company like a PD - but what a great speculative play to put in your sock drawer.