New Colombia Resources Inc fka NEWC

[smoke]

There aren't many $5m mkt cap metalurgical coal mines. Here is an example from yesterdays news:
>>>PIRAEUS, Greece, Jan. 17, 2013 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead") today announced that the Company has entered into an agreement to acquire title and excavation rights in properties containing 18.6 million tons of estimated coal reserves for $11.0 million. NewLead also entered into an agreement to acquire ownership and leasehold interests in properties containing approximately 143.1 million tons of coal for $55.0 million. <<<

....Once we have acquired all of the assets, our coal reserves will consist primarily of sub bituminous B coal, which is 13,500 BTU with low sulfur. We will also have 'Blue Gem' and 'Rich Mountain' seams of coal, highly sought after in the international market. <<<

NEWL mkt cap $33M, ( a tanker co getting into the coal business)
http://www.sys-con.com/node/2516552