...In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
...Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Thats right- and the 2011 survey was actually over 16.9 million tons, so don't know why PR says 15-17M metallurgical coking coal rose from 70 to ca 210 as per an independent article I posted coking coal was valued at 9/ton in ground- a major factor in what a company might pay to buy the concession now that all permits except a soon pending env permit have been approved.
Can't find an updated in ground price-below I estimated very conservatively based on price increases for coal that the 2011 appraisal of ca 50 million would, due to said price increases,probably be a minimum of 75 million now -
but in 2011,when the 50 million est was made the work plan had not even been formed let alone approved -was approved Dec 2013 and env permit has been in process since then- NEWC addressed the last known govt change to aggregate operations and said change has been under formal review by the govt-instead of 1 big pit to utilize 2 separate permits for the protection of a stream-since NEWC responded via a scientific and geological professional company due to the desired changes it is likely NEWC's modifications will be approved- wouldnt be under formal review if the govt agency saw any glaring deficiencies-so this final permit for aggregate /coal operations could be 1 of the new developments to be PR'd soon.
Permits greatly increase value of a mine since the substantial scientific reports necessary to obtain permits are expensive and the land use planning process typically takes many years etc. Some mining co's now claim the process often takes 15 years in the USA(1 PR said an average of 15 years!) One mining co I modded on another site-RVM- had a 12 year battle for 1 concession and was still working on it when Hecla bought them out.
So my conservative value of 22c/share for in ground value of coal below does not even take into to account these factors- 1) the added value of the permits 2)plus additional optioned concessions 3)full value of tripling of met coal price 4) also they added aggregate operations to the work plan and that value is not included in the 22c estimate either-1 highway under construction or soon to be-Opti has been there and would know more- -Ruta del Sol?- is only ca 11km from the mine 5) Med mj JV 6)Orphan drug application
as long as coal prices stay high in ground coal should be worth 100 million especially w additional concessions mentioned by website and PR's-if so in ground coal alone would set a value of .294 pps-your estimate($100M divided by 340M OS)
its anybodies guess how much value the additional 5 factors above might add- but since the trading has essentially ignored the mining value I would say most here consider the med mj and orphan application to be worth much more than value of in ground coal-so maybe 1 dollar pps as some have mentioned?
Though this is currently obviously trading on the med mj and upcoming orphan drug designation just want to remind that this has other revenue streams also which alone support a much higher value now that the co has apparently turned the corner.
so the following was my original prognostications:
A 2011 preliminary study noted on website indicated in situ value of thermal coal was 3 dollars/unit,coking coal was 9 dollars/unit- then placing in situ value of just under 50 million dollars(over 49 million)- this apparently does not include additional concessions being acquired since then Coal,esp coking coal- rose significantly recently-from 70-210 due to China reducing domestic production etc haven't found current in situ prices but based on such rise in situ for coking coal logically would be 3x larger
Also have blue gem coal "used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products"
PR says est 15-17 million tons coal-2011 study said over 16.9 million tons-of coking and thermal and blue gem coals My own conservative estimate of in situ(in ground) prices of ca 75 million and 340M OS alone would be a value of 22c/share- not counting the aggregate or the med mj
pps was decimated by toxic conversion resulting from years of typical land use planning delays but now that it seems evident the co has turned the corner and will not join the mining graveyard,the pps is greatly undervalued and has not taken these things into consideration also what is the discounted future value of $6M/month in mining revenues-just saying the market/players here dont even know about these things-trading currently is based solely on med mj and orphan drug
bracketed material is mine:
from the 9-27 PR
Plans are to begin immediately crushing rocks to generate revenue[once final permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Shares in big board metallurgical coal producers like BHP Billiton, Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant price increases in the past few weeks.
The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier. New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources is making strong efforts to retire debt that is being converted into free trading shares causing pressure to the company's stock price, although the Company believes this creates an attractive entry to point for investors.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
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