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nufced

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nufced

Re: None

Tuesday, 02/15/2005 8:31:42 PM

Tuesday, February 15, 2005 8:31:42 PM

Post# of 5657
In 2003, the royalty paid to the State of Arizona was $43,252.00.


5. Raw materials necessary for the Company’s ore processing are readily
available to it on site.
6. Prior to 2003, the Company was in the development stage since June 29,
1993. At December 31, 2003, it had a cumulative deficit of $59,058,316. The
Company no longer is considered a development stage Company. A major
portion of its assets includes mineral inventories valued on a cost basis at
approximately $370,000 in the aggregate. On June 2, 2003, the Company
entered into an irrevocable contract for the sale of 137,939 tons of the
precious metals concentrates located in Arizona. The total purchase price is
$500,000,000 payable over a ten (10) year period. The buyer has paid the
Company the amount of $720,860 as the first payment. The continuity of the
Company is dependent upon the successful realization of this contractual
arrangement and/or sale of additional amounts of ore.
7. The process developed by the Company for concentrating ore is proprietary,
but it is not patented. There are no plans to patent its process. In April 2004,
the Company registered the trademark NMC, Inc. and the trade name Nevada
Mining Company with the State of Nevada. The Company has no royalty
income. In 2003, the royalty paid to the State of Arizona was $43,252.00.


http://www.nmcinc.com/PinksheetDisclosure2005_0211.pdf

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