Business
New Jersey Mining Company Releases President’s Letter
COEUR D'ALENE, ID / ACCESSWIRE / July 23, 2019 / New Jersey Mining Company (CSE/OTCQB: NJMC) (“NJMC” or the “Company”) distributed the following letter to Share
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":"COEUR D'ALENE, ID / ACCESSWIRE / July 23, 2019 / New Jersey Mining Company (CSE/OTCQB: NJMC) (“NJMC” or the “Company”) distributed the following letter to Shareholders from NJMC President & CEO John Swallow: It is our viewpoint that $1,400 gold tells a much different story than $1,200 gold. Our updates are typically focused on operations and business-related topics, however, the conversations of late have centered around gold as a store of value and the life cycle of fiat and crypto currencies. We are providing this brief overview in response to a number of anecdotal observations and because our collective experience suggests more folks are about to enter the discussion. We believe that as long as structural global and monetary challenges exist, and our politicians struggle to keep the ship out of the surf and spray, the analysis of gold as a vehicle for speculation versus investment versus portfolio insurance will become increasingly more common. Furthermore, the road to production is long and complex and those looking to gold as a store of value are likely to determine, as we already know, that not all ounces are created equal. It has been said that the best place to look for a new deposit is in the shadow of an old one - and in our opinion, the best group to advance stakeholder interests has a record of personal investment, asset growth and has put a mine and mill into operation. We believe that positive cash flow, cash reserves, de-levered land and/or other desirable assets help provide a more reliable measure of value when faced with cyclical volatility and/or competing mediums of exchange. Our investments and asset base were deliberately assembled during difficult times and our approach with respect to gold and other stores of value remains the same. The business plan at New Jersey evolves around an established set of skills and the innate belief that exposure to gold can be more than a periodic speculative exercise. It is our experience that the dilution encountered by “starting big” has rarely led to large-scale success for the junior company, its employees or shareholders. And the social responsibility displayed by starting small and incrementally proving yourself is the type of hands-on approach welcomed by the communities that support our employees and operations. Our goal is to provide more than just another form...