SEC Comment Letter for Idaho Strategic Resources, Inc. (IDR) (CIK 0001030192) (IDR) — Mar 4, 2014
Idaho Strategic Resources, Inc. (IDR) (CIK 0001030192)
Date: March 4, 2014 · CIK: 0001030192 · Accession: 0000000000-14-010932
AI Filing Summary & Sentiment
Reasoning
Letter
March 4, 2014 Via E -mail Mr. Delbert Steiner Chief Executive Officer New Jersey Mining Company 201 N. Third Street Coeur d’Alene, ID 83814
Re: New Jersey Mining Company Regist ration Statement on Form 10 Filed February 25, 2014 File No. 000 -28837
Dear Mr. Steiner :
Our preliminary review of your registration statement indicates that it fails in numerous material respects to comply with the requirements of the Securities Exchange A ct of 1934, the rules and regulations under that Act, and the require ments of the form. In particular , we note that you have not provided current financial statements consistent with Rule 8 -08 of Regulation S -X. We will not perform a detailed examinatio n of the registration statement and we will not issue comments because to do so would delay the review of other disclosure documents that do not appear to contain comparable deficiencies.
This registration stateme nt will become effective sixty days after filing with the Commission or within such shorter period as the Commission may direct . If the registration statement were to become effective in its present form, we would be required to consider what recommendation, if any, we should make to the Commissi on. We suggest that you consider filing a substantive amendme nt correcting the deficiencies before it becomes effective.
You may contact Tiffany Posil at (202) 551 -3589 if you have any questions.
Sincerely,
/s/ James Lopez (for)
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March 4, 2014 Via E -mail Mr. Delbert Steiner Chief Executive Officer New Jersey Mining Company 201 N. Third Street Coeur d’Alene, ID 83814 Re: New Jersey Mining Company Regist ration Statement on Form 10 Filed February 25, 2014 File No. 000 -28837 Dear Mr. Steiner : Our preliminary review of your registration statement indicates that it fails in numerous material respects to comply with the requirements of the Securities Exchange A ct of 1934, the rules and regulations under that Act, and the require ments of the form. In particular , we note that you have not provided current financial statements consistent with Rule 8 -08 of Regulation S -X. We will not perform a detailed examinatio n of the registration statement and we will not issue comments because to do so would delay the review of other disclosure documents that do not appear to contain comparable deficiencies. This registration stateme nt will become effective sixty days after filing with the Commission or within such shorter period as the Commission may direct . If the registration statement were to become effective in its present form, we would be required to consider what recommendation, if any, we should make to the Commissi on. We suggest that you consider filing a substantive amendme nt correcting the deficiencies before it becomes effective. You may contact Tiffany Posil at (202) 551 -3589 if you have any questions. Sincerely, /s/ James Lopez (for) John Reynolds Assistant Director