Business
New Jersey Mining Company Releases President’s Letter to Shareholders
COEUR D'ALENE, ID / ACCESSWIRE / January 13, 2020 / New Jersey Mining Company (OTCQB:NJMC)(CSE:NJMC) ("NJMC" or the "Company") today distributed the following L
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" COEUR D'ALENE, ID / ACCESSWIRE / January 13, 2020 / New Jersey Mining Company (OTCQB:NJMC)(CSE:NJMC) (\"NJMC\" or the \"Company\") today distributed the following Letter to Shareholders from NJMC President & CEO John Swallow: Amongst the many (self-prescribed) pearls of wisdom contained within my iPhone journal, I came across an appropriate quote to introduce this years' high-level stakeholder discussion. As Arthur Shopenhauer (fittingly) once said, \"The task is not so much to see what no one has yet seen, but to think what nobody yet has thought about that which everybody sees\". This quote describes our approach to business as well as the seemingly overlooked influence of society's generational turnings toward more passive portfolio management. As the curtain rises on the new year we admirably reflect on the fact that it was considerably more difficult to get to where we are than to get to where we are going. In this new era of the virtual marketplace and fleeting brand loyalty, it seems apropos that NJMC supplies a commodity that has been in demand for over 2,000 years. It is our continued belief that the subtle trend toward $1,500/oz gold is telegraphing that the next chapters of the economy are being drafted while few recognize that some of its authors are already producing content. As a local Idaho company, we believe strongly in our boots on the ground management style and community-based business approach. With the location of our mine on a year-round Idaho highway and the mill just off Interstate 90, we enjoy a greatly understated jurisdictional and geographical advantage not frequently encountered within the marketplace. We believe the potential rewards from a global increase in the demand for gold will gravitate toward those firms pre-positioned to where the market is going and not already affected by someone else's exit strategy. Furthermore, we recognize the clock is always ticking for those without a source of non-dilutive cash flow and/or permitting in more remote and capital-intensive locations. Our specific set of skills and geologic endowment has allowed us to stay under the radar while consolidating the under-developed and forgotten (Murray) Gold Belt portion of the world-class Coeur d'Alene Mining District. Being somewhat agnostic to industry cycles, much of our prior focus was on base building, balance...