When NMC comes out with platinum group metals - apparently PGM's are what is in the Skull Valley ore concentrates - precious metals - it may be the long's turn to smile. Hmm, why would third parties be interested in NMC?
( BTW, now no nastiness from you bashers about the former officers, as this pertains to potential U.S. mining technology and mineral resources, and the security underlying the company is currently OTCF:NMCX . I'm not a pumper or insider nor have I ever done it here amatuerishly or not - I am merely a small investor who has held this stock a long time and have not profited from posting about this company, ever. )
September 13, 2007 - 1:50 AM EDT
NMC Provides Update
Geoseismic Evaluation of the Skull Valley-Arizona Concentrates Estimates Tonnage.
New Wholly Owned Subsidiary Formed; Web Site Updated to Include Unaudited Financial Information.
NMC, Inc. (Pink Sheets:NMCX) reported today the completion of a geoseismic evaluation on the company’s Skull Valley (Ariz.) first-stage ore concentrates and analysis of the upper and lower pits that have been backfilled with ore concentrates composed of minerals containing precious metals. The evaluation was completed at the request of third parties to help substantiate the volume of ore concentrates at the Skull Valley site.
Based on the methodology used in this evaluation, more completely described in the report available on the company’s web site (www.nmcinc.com), the estimated tonnage of the ore concentrates, stockpiled on site during previous mining activities, also referred to as the “Arizona Concentrates,” is 278,985 tons. The evaluation was performed by Geosyntec Consultants (Riverside, Calif.). Additional details of this report, which was financed through a private placement of the company’s stock, together with unaudited 2005 and 2006 financial information, may be found on NMC’s web site.
Methodology and Limitations
The primary principle of the seismic data collection is that the partially processed ore concentrate has a significantly different velocity from the surrounding native material. Results of the field work performed at the site indicated a strong velocity contrast between bedrock and unconsolidated materials.
The resultant data is qualified in various respects and assumes that the pits have vertical sides and flat bottoms. Subsurface investigations and geophysical surveys are inherently limited to data derived from samples taken or tests performed at selected locations, and the number of locations, samples and tests are commonly based on cost-benefit judgments and the client’s budgetary concerns. Due to these inherent limitations, it must be recognized that actual conditions may vary from those predicted on the basis of such limited data, despite the use of professional care. Additionally, seismic data collection does not provide information with respect to the exact types of metal in the ore-containing sections, the value of such metals or the feasibility, technical or financial, of converting the ore in the concentrates into a marketable commodity.
New Subsidiary and Information
The company also announced that it has established a new, wholly owned limited liability company, California Precious Metals, LLC, domiciled in Tennessee, for the purpose of consolidating its California mining claim assets into a single subsidiary. The company has updated the information on its web site to include, among other things, unaudited financial statements for 2005 and 2006. The company is preparing updated business and other information for posting to its web site. NMC continues to seek additional funding to support its business operations and the completion of its audit, and management is exploring various alternatives to raise capital.
About Geosyntec
Founded in 1983, Geosyntec is a specialized consulting and engineering firm that works with private and public sector clients to address their new ventures and complex problems involving the environment, our natural resources, and civil infrastructure. Geosyntec has a staff of 600 engineers, scientists, and related technical and project support staff located in more than 30 offices throughout the U.S. and in Canada, Malaysia, and the United Kingdom.
About NMC, Inc.
NMC, Inc. has interests in mining and ore processing. In addition to its Skull Valley concentrates, the company owns 7 exploration-stage mining claims of 20 acres each in Mesquite, Nev. and 17 exploration-stage mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights.
This news release is for information purposes only and is neither a solicitation to sell securities nor an offer to buy securities. The registration of the Company’s common stock under the Section 12 of the Securities Exchange Act was revoked in March of 2003. Until the Company has effected a new registration with the SEC, Section 12 under which the Company registration was revoked states: "No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence."
NOTE CONCERNING FORWARD-LOOKING STATEMENTS-PLEASE READ
Forward-looking statements in this release are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the Company’s actual results may differ from management’s expectations. Risks and uncertainties associated with forward-looking statements include without limitation, the risk that the Company will be unable to obtain the funding necessary to complete its audit and otherwise maintain its business operations; that the Company will be unable to sell all or any portion of its assets; potential litigation related to corporate or securities issues, the Company’s interests in the Arizona concentrates or other mineral claims, or other matters; and that the Company will be unable to hire and/or retain qualified management and operational personnel. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates, whenever provided, either by the Company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC, Inc. assumes no obligation to update or disclose revisions to such estimates.
Jordan Richard Assoc. LLC
Madeleine Franco, 702-256-4905
ir@jordanrichard.net
Source: Business Wire (September 13, 2007 - 1:50 AM EDT)
Check out the stock action, low price - low volume - short interest - like a coiled spring. Check out mining and minerals - a hot sector. This is going to be my only post, only as a courtesy response to Mr. Basher.
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