RE: RE: 9talked to mark in irNope, not 10,000 a day - probably a typo. I think the target was around 8K a month on mine #2 - which is quite significant in and of itself: 8000 X $70 (a ton as a very conservative figure) = $560,000 a month in revenues which equals a very conservative $6, 720, 000 a year in revenues just on mine #2 alone. Again, the price of coal right now is significantly higher than $70 per ton so you can do the math.
Mine #3 should produce about 30,000 tons per month (I'm hoping). 30,000 X $70 = $2, 100, 000 per month X 12 =
$25, 200, 000 a year.
For both mine #2 and #3 together = $31, 920, 000 per year revenue. Again, I would say that this is a very conservative figure for revenues for mine #2 and #3
Remember, NAG is hoping to put other mines online as well ... could be big bucks ...
IMO, NAG at .11 is super cheap if all goes well. Of course, there is risk involved such as, for example, NAG doesn't meet targets, costs overrun profits, issues with permits etc. etc., including another market meltdown!! But, that's the speculation with these penny stocks ... high risk = high reward but also high losses if things don't work out!!!
GO NAG GO!!!