Terra Nostra Resources Corp. (TNRO.OB) Expects Fiscal 2008 Joint Venture Revenues to Increase
Based on a preliminary review of production volumes and revenues provided by its joint venture partner for the fourth quarter ended May 31, 2008, Terra Nostra Resources Corporation, a leading copper and stainless steel producer in China, is anticipating reporting approximately $123 million in revenue, which will be a 13% increase over the third quarter of 2008. The reported revenues will bring the total fiscal 2008 revenue to $532 million, which is 86% higher than fiscal 2007’s revenue of $285 million. In regard to the fourth quarter reported revenues of fiscal 2008 for the company’s copper and steel productions, the…