New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal resources in the Coeur d'Alene Mining District of northern Idaho. New Jersey Mining Company has a portfolio of mineral properties in the Coeur d'Alene Mining District including the Toboggan project, the Niagara copper-silver deposit, the Golden Chest project, the New Jersey mine, and the Silver Strand mine. The New Jersey mine includes a fully-permitted flotation mill and concentrate leach plant.
New Jersey common method of operation is to drive access ramps from the surface directly through ore bodies indicated as rich deposits so that they can accomplish two things at once. The Ramps are needed for surface access to further exploit the deposits and the rich ore material is extracted in the ramping process is milled at their New Jersey Mill in Kellogg and sold to pay expenses. This is a true sign of managements understanding of survival and growth of a junior exploration and now a producer. New Jersey has implemented this process at 3 of its operations, the Golden Chest Mine near Murry Idaho, the New Jersey Mine 3 miles east of Kellogg and the Silver Strand Mine about 19 kilometers east-northeast of Coeur d'Alene, Idaho. Although they state they are looking for funding to speed up the process in their developments, they also state that this will be done only if the funding terms are reasonably and to their liking. This pioneer attitude is one of the many reasons why New Jersey Mining will become a valuable company in the coming years. They can do it on their own and Big companies like Newmont know this and know that their resources are very rich ones.
The Toboggan Joint Venture Project with Newmont is and example of both New Jersey understanding their economies of scale for developing such huge rich deposits as the Toboggan and Newmont's need to find juniors like New Jersey that have them. This project is a major deal for NJMC in that Newmont one of the top 5 biggest mining companies in the world wants the project and signed an agreement for it. This is the period in history like no other time when the big companies are out looking for the in ground assets of the junior companies like NJMC. Newmont would not have signed if they did not think it worth it and by looking at the prospects it appears to be well worth it. NJMC gets 30% of a massive project in the end and has Newmont do all the work and funding which for them is easy. This is a long term sweet deal for NJMC. What I expect will happen is that Newmont will buy all of NJMC out in a sweet buy out bid and get all of their in ground assets which will be a big plus for NJMC stock holders. If not then New Jersey will form joint venture and production agreements with Newmont for its other large scale mineral claims and continue their steady increase in mine production at their existing 3 producing mines. Either way the out look for New Jersey is very bright and it's stock price with go parabolic in the next two years once people begin to look at the junior companies like New Jersey
