
Its been twice that I have posted Nihao, its a very good stock to buy right now, I can say that its
very very cheap, a lot of buyers right now, as you can see the lower graph.I will not hesitate to
buy this stock since its nearing its lowest price of around P3.7 from december to april last
year ,or you can wait when its finally bottom but I know it will be in a upswing by the end of
December.
NiHAO Mineral Resources International, Inc. (NI) was incorporated as a mining company under
the name Summit Minerals, Inc. on July 9, 1975. On December 10, 1993, the company changed
its primary purpose to that of a holding company. Subsequently in 1994, the company changed
its corporate name to Magnum Holdings, Inc. On June 28, 2007, the Securities and Exchange
Commission approved another change in the company's primary purpose from a holding
company to that of a mining company. The company also changed its corporate name to NiHAO Mineral Resources International, Inc.
Ni is engaged in exploring, developing, and operating nickel properties. As of December 31,
2008, NI has four mining tenements located in the provinces of Zambales, Misamis Oriental,
North Cotabato, and Antique. In addition, NI also operated three small-scale mining claims in
Botolan, Zambales, as well as a small-scale mining claim in Manticao, Misamis Oriental. The
company's mining claims and small-scale mining claims cover a total of approximately 20,841 hectares.
NI's subsidiaries consist of Mina Tierra Gracia, Inc., Visayas Ore Philippines, Inc., and Bountiful Geomines, Inc.