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Nasdaq BB (NCMI)- About $1.125 - You've probably noticed that copper is about the only metal that has done well for the last two months. This small company is just finishing the feasibility study for a copper project in Namibia. The project is in Africa just North of S. Africa and it contains 303 Mil. tons of .41% copper and 978 Mil. tons of heap-leachable ore at .19% copper. The feasibility study was carried out by Davy John Brown and Minproc. When the plant comes on-line it will be the eighth largest cathode quality copper mine in the world. The engineering is by Behre Dolbear & Co. The company is working on some large loans to open the project and I expect the stock to start trading on the NMS market or possibly on the London or other foreign exchange. The project was written up in the March 11, 1996 Northern miner. |