NML is due its interrim results now, last year it was the 28th of this month.

They are setting up a new site to explore/research/analyse and all the equipment to do this should be on site now, and drilling should start soon, all this extra news should be covered in the interims.

does anyone have any further positive views on this company ??

Hi there,

Is there anyone other than me still watching this thread? It has gone awfully quiet. Am I the only one left holding shares and hoping for some sort of movement?

Any news or opinions would be gratefully received.

David

I've written this investment off long ago. The longer we don't hear the less likely any value will ever revert to shareholders, especially with the May down turn in confidence in oilers/miners making it so much harder to raise fresh funds.

If something turns up it will be an unexpected bonus, but I'm not going to torture myself by looking for it.

Good luck elsewhere!

21st December 2006





Dear Shareholder,



We are pleased to announce that the Company has entered into an option agreement to acquire an 80% interest in two copper cobalt concessions in the Democratic Republic of Congo (DRC). The concessions cover an area of approximately 800 square kilometres and are situated in the copper rich Katanga region of the DRC. The remaining 20% will be owned by local Congolese parties as is the practice.



The concessions are in close proximity to the operations of Canadian copper miner First Quantum Minerals and close to the Zambian boarder in south eastern DRC. The concessions are for 15 years with options to extend. Copper grades, yet to be confirmed, show high yields with potential for artisanal mining operations in stage 1 of the project which is expected to produce early cash returns.



We have negotiated a JV arrangement with an operator to fund the project. The payment will be by way of a workout agreement therefore preventing dilution of shareholders stock.



The DRC has experienced heightened interest from large international miners since the recent elections in the country. Phelps Dodge, the worlds larges copper miner, has recently announced massive expansion plans in the DRC. BHP and Rio Tinto have also increased their activities in the country.



The board further announces that it is in advanced stages of discussions with a listed entity to acquire New Millennium. The boards stated aim is to achieve a value of US$0.02 per share for its members. This is the basis of our negotiations and we are confident will be achieved. Acquisition will be by way of a share swap. The prospective suitor intends making application for AIM listing in the New Year.



Due Diligence is expected to be completed within 90 days and settlement 30 to 60 days thereafter. Your board expects that all steps will therefore be completed prior to the northern summer.



Yours faithfully







Shane M Healy
CEO