New Colombia Resources Inc (OTCMKTS:NEWC) stock has been in focus across the preceding eight weeks or so, and the stock has surged to the tune of over 600% throughout this period. Sticking with latter price, however, it can be a short term reversal, and that even considered company’s rapid market capitalization revision, there are many more things to come.

The update

The interesting thing about New Colombia is its two-pronged businesses in two segments that are both witnessing extensive growth right now. And these two focus areas are coal and cannabis. New Colombia is at core a mining firm, with main operations in Colombia. The firm mines as well as crushes rock for the construction industry, and also coking coal, which is a major ingredient in the steel making procedure. The latter, coking coal, has noted a significant run up in price over the preceding year or so, as Chinese linked supply contraction concerns have turned into a degree of panic loading.

New Colombia reported last month that it is close to getting a rock lining approval, and it already has a coal mining approval in place. When it choses the former, it will start execution on a strategy that enables for the output of as much as 30,000 tons/month of raw product, with the volume changing to circa $7 million/month in revenues at existing prices.

Considering cannabis operations, New Colombia advances medical marijuana offerings, and is taking steps to get one such offering to the U.S. market. It’s still early, but recent announcements have shown progress in the market, and an association with a company named Advanced Imaging Projects LLC, via which it plans to file an Orphan Drug application to the U.S. FDA, provided shareholders something to get thrilled about mid-October. The big part of fundamental valuation is engrained in the coal operations of the company; short term, at least.