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I am down a lot with them so I am a bag holder until it comes back up. But hopefully in the long run they will make us money.
Posts: 1176 | Registered: Dec 2004
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NMC, Inc. Disclosure Information, Real-Time Quotes and Updated Financial Information Available at www.pinksheets.com Monday February 14, 8:45 am ET Financial statements also posted to the Company's web site www.nmcinc.com
LAS VEGAS--(BUSINESS WIRE)--Feb. 14, 2005-- NMC, Inc. (Pink Sheets:NMCX - News) today announced that the Company's disclosure information prepared in response to 15C-211 guidelines requested by the Pink Sheets, and the Company's financial statements for the nine months ended September 30, 2004, may be found at www.pinksheets.com. Additionally, live, real-time Level II quotes are now available at the Pink Sheets site. The most recent financial statements have also been posted to the Company's web site at www.nmcinc.com. "The management of NMC, Inc. is supportive of recent efforts by the Pink Sheets aimed at providing information to investors," said Michael Sheppard, the Company's chairman and CEO. NMC, Inc. also makes a variety of investor information available at its corporate web site.
Sheppard noted that NMC receives hundreds of questions via email and telephone every week, and that at the outset, management had attempted to answer each and every one of these inquiries personally. The volume of inquiries has increased exponentially, and Jordan Richard Assoc. LLC, the company's investor relations firm, in cooperation with management, is heavily involved in the Company's corporate communications. "Madeleine Franco, who responds to investor and shareholder inquiries personally, is a well-seasoned professional with direct Wall Street experience, and an excellent knowledge of the Company. We have confidence in her ability to establish and maintain a dialogue with investors, freeing management to focus on executing the Company's business plan," said Sheppard. He indicated that frequently asked questions are being compiled for inclusion on the Company's web site in a "Frequently Asked Questions" (FAQ) section, which is currently being developed.
Sheppard further noted that the Company is in the process of completing its 2004 financial statements, in anticipation of an audit, as a prerequisite to a Registration Statement that will result in the Company's being "fully reporting" under SEC regulation.
NMC, Inc. has interests in mining and ore processing. In addition to its Skull Valley (Ariz.) claims, the company owns 7 mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights.
Statements contained in this release that are not purely historical are forward-looking statements within the meaning of the Safe Harbor clause of the Private Securities Litigation Reform Act of 1995. These statements 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, U.S. and foreign currency fluctuations, changes in environmental and mining regulations, delays in obtaining regulatory approvals, costs associated with processing ore concentrates, fluctuation in precious metals markets, general economic and business conditions, litigation and other factors. All subsequent 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.
----------------------------------------------------------- --------------------- Contact: Jordan Richard Assoc. LLC Madeleine Franco, 801-463-0300 ir@jordanrichard.com
-------------------- LIVIOS - A DIRTY MIND IS A JOY FOREVER Posts: 363 | From: Belgium | Registered: Dec 2003
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NMC Inc. Makes Third-Party Assays and Valuation Report Available on Its Web Site at www.nmcinc.com 3/1/05
LAS VEGAS, Mar 1, 2005 (BUSINESS WIRE) -- NMC Inc. (Pink Sheets: NMCX) today announced the availability on its Web site (www.nmcinc.com) of assays and valuation reports pertaining to its Arizona, California and Nevada properties. In making the assays and valuation reports available, the company provided a brief explanation of the history, purpose and methodology for assays used to determine the composition of its ore. All assays and valuations pertain to the company's ore in its present form.
Over the past 10 years, NMC Inc. has commissioned literally hundreds of assay reports for its three properties located in Arizona, California and Nevada. These assays have been preformed by independent third-party assayers. Reports have been used for a variety of purposes as part of the company's pre-purchase due diligence to provide a reasonable representation of the material, the overall valuation of the ore, the quantity of precious metals at different stages of production, litigation support, and equipment testing and calibration.
There are numerous assay methods for determining the existence of precious metals in any particular sample of ore, with some methods more suitable than others for recognizing certain types of minerals. As an example, assay for a complex ore such as the Platinum Group Metals (PGMs) is conducted differently from single-element assays. This is why assayers offer a variety of assay protocols.
Sample preparation will affect the quality of an assay. An insufficient or improper sample preparation renders improper results. The process of dissolving the sample and the effective separation and detection methods are critical in the analysis of precious metals.
For the evaluation of its ores, the company has adopted an assay procedure used by the third-party independent assayers. This is not a "proprietary" method, nor is it a "secret" method. The sample is pulverized to a -200 to 400 mesh (as a reference, common talcum powder is approximately -300 mesh). It is then placed in nitric acid and simmered at 205 degrees for 4 hours.
Next, hydrochloric acid is added at a ratio of 3 parts of hydrochloric acid to 1 part of nitric acid forming an aqua regia solution. This is simmered at 205 degrees for 20 hours. The result is that the sample is totally dissolved in 24 hours at 205 degrees. The solution is diluted with deionized water and placed in a high-resolution Inductive Coupled Plasma Spectrometer (ICP). The company owns two high-resolution ICPs, namely, a Leeman PS-1000 and a Leeman High Profile Plus. Each ICP can analyze 64 elements at the same time. Also, a high-resolution ICP has more clearly defined wavelengths and more separation between and among wavelengths for clearer identification of elements.
In the ICP, a controlled plasma flame is created by argon gas. The elements present in the sample are ionized and emit identifiable wavelengths. Great care must be exercised in identifying a particular wavelength representative of a specific element. Also, given the multiple-element nature of the sample, care is required to eliminate those wavelengths that may interfere with an accurate reading. There are virtually thousands of possible wavelength combinations. Each element has 20 to 40 wavelengths. The Leeman High Profile Plus has approximately 2,000 wavelengths pre-programmed and has additional wavelength capacity. The selection of appropriate wavelengths is both a science and an art.
To assist in the interpretive process, the U.S. Department of Commerce, Institute for Basic Standards, National Bureau of Standards, has published and adopted the "NBS Tables of Spectral-Line Intensities" as the source for the wavelength values of elements.
In addition to the above, the assayers used, and the company has adopted, a fire assay approach. The sample is pulverized to -200 to 400 mesh. It is then mixed with a standard flux including borax, flour, feldspar, silica and a "collector" of tin or nickel. It is then heated to a temperature of 2,950 degrees for 40 minutes and a bead is formed. This bead sample is prepared as stated above and placed in the ICP for analysis.
Management of the company emphasized that when reviewing its assays, it is useful to keep in mind that, by the very nature of the earth's crust, each sample will vary in the elements contained. The material is not homogenous. That is the reason that samples are taken from numerous locations on each of the three properties. Samples also have been mixed together from different locations on the same property to develop composite assays.
NOTE: To convert parts per million (PPM) to ounces per ton (OZ/ton), multiply PPM by .02917. (PPM x .02197 = OZ/ton).
NMC Inc. has interests in mining and ore processing. In addition to its Skull Valley (Ariz.) claims, the company owns seven mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights.
-------------------- LIVIOS - A DIRTY MIND IS A JOY FOREVER Posts: 363 | From: Belgium | Registered: Dec 2003
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A quick glance to the assays shows that there is really gold, platium and other precious metals in the ground owed by NMCX. Let's see how the PPS reacts to this news. The next payment from the 500 million $ deal is due before the end of this month, after this month NMCX will receive 500,000 $ on a monthly bases.
LIVIOS.
-------------------- LIVIOS - A DIRTY MIND IS A JOY FOREVER Posts: 363 | From: Belgium | Registered: Dec 2003
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NMC Inc. Statement Concerning Status of Unaudited Internal Financial Statements and Engagement of Independent Auditor Business Wire - April 26, 2005 19:21
HENDERSON, Nev., Apr 26, 2005 (BUSINESS WIRE) -- NMC Inc. today issued a statement regarding the status of the company's unaudited internal financial statements and the engagement of an independent auditor. Pannell Kerr Forster's Antigua office is in the process of assisting management in the preparation of the company's unaudited internal financial statements for the calendar years 1999 through 2004. With respect to these unaudited internal financial statements, the company has engaged an independent auditor to examine and render an audit opinion.
Although the company had understood that Pannell would act as the company's independent auditor, Pannell advised the company that it was of the view that it could not serve in such capacity because (i) it could not perform accounting and auditing services for the same client; (ii) as a foreign firm, Pannell's Antigua office could not audit public companies without obtaining permission from the Securities and Exchange Commission and registering with the Public Company Accounting Oversight Board (PCAOB); and (iii) to audit a U.S. corporation, Pannell's Antigua office would have to obtain advice from a U.S.-based accounting firm.
Statements contained in this release that are not purely historical are forward-looking statements within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. These statements 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.
SOURCE: NMC Inc. Jordan Richard Assoc. Madeleine Franco, 801-463-0300 ir@jordanrichard.com
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