|Bid||0.25 x 5000|
|Ask||0.37 x 5000|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||18.00|
|Earnings Date||Nov 12, 2018 - Nov 16, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The details of New Jersey’s “from there to here” are fairly well documented and largely in the rear-view mirror. On a daily basis we endeavor to identify operational and corporate inflection points along the theoretical production and valuation curve (basically, we are on the job). And while progress is never linear, in broad terms we would like to provide additional perspective on how we “get from here to there”.
COEUR D'ALENE, Idaho, Jan. 31, 2019 (GLOBE NEWSWIRE) -- New Jersey Mining Company (CSE/OTCQB:NJMC) (“NJMC” or the “Company”) announced today that recent core drilling intercepted a large interval of potentially bulk-mineable gold mineralization adjacent to the open pit. Informally referred to as the “layback” hole, core drill hole GC 18-175 was recently completed to 96.1 meters. With the open pit previously drilled on 25-meter centers, the layback hole was designed to fill in a gap in previous core drilling to evaluate the potential for pit expansion to the north.
Late in 2018, New Jersey’s own drill rig conducted a two-hole exploration program in the Paymaster area, targeting the gold-quartz veins associated with the Idaho Fault. Drill hole GC 18-176 was completed to 128.9 meters and GC 18-177 was completed to 150.1 meters – with visible gold observed in both holes.
A generous Thank You and Happy New Year to everyone in the New Jersey Family. New Jersey has eight father/son/daughter teams, one husband/wife, and a number of other relationships equally deserving of our sincere and well-intentioned gratitude…. The tangible and intangible value of our team, partners, knowledge base, asset base, market cap, and share price have increased steadily over time (and in some areas grown exponentially). We harvested a few seeds in 2018 and put considerable effort and expense into planting many more. So as we take this break and poke our heads up and look around, it is necessary to notice that our path is still firmly “up and to the right” and feel proud of our accomplishments. And while we aren’t cueing up the dancing gopher and singing “I’m alright” from Caddyshack just yet, NJMC is one of the rare junior companies in our industry that has proven it can be a vertically integrated exploration, mining and milling (and drilling) company on its own. We have a success-based plan and NJMC is a business firmly looking to the future.
Company representatives gave two technical presentations and NJMC had a booth in the “Core Shack” at the recent AEMA conference in Spokane, Washington. Established in 1895, the AEMA is a 2,000 member, national association representing the minerals industry, catering to industry professionals and companies across the United States.