SaskatchewanHey all
I have been reading a lot of comments about how the sky is falling, this company will never make any money etc etc... In my own personal opinion see these posts as complete crap. Before i go any further I will note that I currently own zero shares of NAG as I seen a good opportunity with Stornoway. I would like to get back into NAG in the near future however the performance of SWY has been stellar and I holding there for the near future. I just hope I am not too late to get back into NAG.
Whoever said that the operations in Kentucky will not be able to sustain the exploration costs in Canada is out of his mind. once NAG commences the mining of the Blue Gem coal the amount of profit will be fairly substantial. Costs are quite low with this company as they share a lot of their resources with a couple of other companies by sharing office space and personnel meaning we dont need a lot of revenue to turn a profit.
Some of the other companies operating/ exploring in the area of our coal in Sask are reportung coal seams as thick as a seven story building is tall. Now if people want to say there is no money to be made out of coal that thick they need to give their heads a shake. Also some of the exploration has already been completed in Saskatchewan as the coal seams have been defined by gas companies in the area, the exact same company we bought the rights from has punched numerous holes on the property thus we can already from their drill data start to form out a resource = less exploration costs.
Anyways i am rambling on a bit here however In reality the properties owned by this company and the relatively small float out make this company a nice lil GEM just waiting to shine. just give them time.
Cheers moneydaze