QualityStock's Smallcap Stock Clients - Terra Nostra Resources Corp. (TNRO.OB)

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Terra Nostra is one of the leading copper producers in China through its 51 percent interest in Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd., which has an existing and under construction production capacity of 170,000 MT (metric tons) of electrolytic copper, 20,000 MT of low-oxygen copper, and value-added copper rod and wire facilities. The company is also emerging as a leading stainless steel producer in China through its 51 percent interest in Shandong Quanxin Stainless Steel Co., Ltd., a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a recently commissioned 150,000 MT rolling mill.

In our client’s news today,

Terra Nostra announced greatly increased preliminary revenue numbers for its joint operations. Fully consolidated results for the fourth quarter and fiscal year (audited) ending May 31, 2007 are expected in the next 45 days.

For the quarter ended May 31, the company’s Shandong Quanxin Stainless Steel joint venture operations generated $88.8 million. The large increase was caused by the growing production at the casting mill.

Shandong Jinpeng Metallurgical copper joint venture operations increased their revenues from $39.6 million to $44.5 million, with a total of 4,643 MT electrolytic copper and copper rods sold.

Mr. Sun Liu James Po, CEO of Terra Nostra, commented, “The ramp-up of stainless steel operations in the fourth quarter were accelerated due to strong customer demand, and our congratulations go out to the management and operational teams in Zibo, China for bringing the mill to over 70% operating levels through April and May, ahead of schedule.”

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