China Mineral Company (“CMC”), a private enterprise formed in 2007, has shown strong performance this fiscal year and is now enacting an interesting new development plan. Aside from continued development of milling facilities, the Company is planning to enter into trading agreements with their funding partners, whereby they will utilize trading platforms to help the company sell future contracts into the market at periods that gold prices are at higher levels and to withhold gold from the market when indicators show that prices are at lower levels.
The Company’s independent analysts expect that utilizing this strategy, coupled with a plan to improve production and processing through additional capital outlays, will increase operating earnings by at least 10% over current levels.
CMC hopes to expand by raising capital with a series of Venture Capital firms located in China as well as in the United States and in Europe. The company is now working with non-Chinese firms to offer shares to non-Chinese citizens. The company’s initial funding partners, due to their substantial stakes in CMC, have helped the company in their corporate governance, establishing a corporate structure that is in compliance with the standards of the US and the major European Markets. Three separate share series’ have been created and will be sold on Chinese and non Chinese markets within the next two years.
