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Microcaps, I pulled this snippet from the IPO and

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Post# of 8054

Posted On: 12/10/2013 11:55:18 PM

Posted By: Sunnybank

Re: microcaps #5714

Microcaps, I pulled this snippet from the IPO and S-1 but see no named enterprise. The location sure makes one wonder but they remark about seeking permits and agreements with buyers. S-1 is dated 11/19/13. Navial and PanAm are the 2 mines I find for Ensenada.

 GEO JS Tech Group Corp., a Texas corporation organized on April 13, 2010, is an 
 
exploration stage company engaged in procuring and delivering commodities in the 
 
international market with a primary focus on Mexican-based iron ore trading. We 
 
currently hold joint ventures and licensing rights to iron

  ore mines in the 
 
outskirts of Ensenada and Manzanillo, Mexico that we intend to exploit in the 
 
future in order to obtain marketable product. We also have strategic 
 
relationships directly with end users in China for delivery of iron ore. We 
 
anticipate fulfilling our business objectives by procuring iron ore product and 
 
the future excavation and retrieval of iron ore in the Mexican mines and, in 
 
turn, selling the product to Chinese contacts with whom the company has had 
 
prior contact. The company does not have any definitive agreements with these 
 
contacts, only previous business relationships.

From the S-1...

We have entered into certain joint ventures in connection with the planned future construction, operation and extraction of iron ore in Ensenada and Colima, Mexico. Management believes that the arrangements will assist in the funding and future operations of mines in Mexico.

Our goal is to become a key producer of iron ore in Mexico. To achieve this goal we plan to increase our ability to secure iron ore product and to develop a capacity to extract product through acquisitions, licensing rights and joint venture partnerships. Additionally, we intend to further develop current mine right concessions with joint venture partners.

By acquiring or mining iron ore in Mexico, we believe that we will be able to deliver product to China at a lower cost and shorter delivery time. We further believe that this make it possible to compete with other larger competing ore producers based in Brazil, Argentina, and Chile. We also anticipate that we will be able to maintain existing relationships and establish new relationships with major logistics operators to keep operating costs to a minimum without compromising operation. We have applied to the Mexican government for our own export permit that could ultimately reduce our cost of logistics and port costs.