TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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From: Rctrader2	12/27/2004 2:37:05 PM
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NMCX...Strong NEWS out 500mill... By: nmcx-is-hot 27 Dec 2004, 02:24 PM EST Msg. 500794 of 500800 Jump to msg. # NMCX NEWS:::NMC, Inc. Announces Sale of 137,939 Tons of the Concentrated Ore Inventory in Skull Valley, Arizona; $500 million sale over 10 years represents 26% of Skull Valley tonnage HENDERSON, Nev.--(BUSINESS WIRE)--Dec. 22, 2004--Michael D. Sheppard, chairman of the board and CEO of NMC, Inc. (Pink Sheets:NMCX), announced today that NMC, Inc. has sold 137,939 tons of concentrated ore "as is" in the storage pits (approximately 26% of its total Skull Valley concentrated ore inventory) to a private U.S. corporation. The irrevocable contract is valued at $500 million over 10 years. The Company has already received an initial payment of $700,000, and the remainder of an $11 million down payment is to be paid over 24 months. Under the terms of the agreement, the buyer will pay the remaining $489 million over a 10-year period calculated from the date on which the full down payment schedule is activated, which is 30 days after NMC receives its audited financial statements.

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