El Maniel International Inc (PINK:EMLL) today announced its future plans for the preliminary operations in Papua New Guinea (PNG).
The company CEO Jamie Khoo stated that the progress of their new venture in PNG was a n achievement and the company is now proposing to shortly start alluvial gold mining operations in about 60 days, further along with this the company is planning to speed up its pilot operations by putting together a two-channels sluice system to initiate alluvial gold mining operations.
Jamie Khoo further stated that the expected revenue from the initial pilot operations is of $500,000 per month that would be reflected in their next fiscal quarter financials.
Shares of EMLL soared as much as 50% to $0.0009 on hefty volume of 161 million shares, compared to its average volume of 55.14 million shares.
El Maniel International, Inc. is a development-stage company. The Company focuses on manufacturing and distributing cigars under the PLC brand name. The Company focuses on purchasing cigars from cigar manufacturer, ABAM, S.A (ABAM), in Santo Domingo the Dominican Republic. ABAM will produce PLC Cigars rolled with tobacco grown in the Cibao Valley. In June 2010, the Company acquired 70% interest in a stamp and collectibles company.
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