RE: GOOD PICS on NAG .....................The statements you posted
NORTH AMERICAN GEM INC.
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010
are over 6 months old and are for the Three months ended September 30, 2010... so those statements are for July 1, 2010-september 30, 2010.
And since NAG only started mining Mine 2 on 8/4/2010
North American Gem Inc. has Commenced Mining Blue Gem Coal at the North American Gem #2 Mine
the expenses would include getting everything ready to mine and the company they had mining it couldn't handle it hence the reason they brought on M3 after September 2010. Thus the revenues would be low and the expenses would be high.
Do you have the statements for the years end? If not based on the 2 pieces of information 1/2 a year old statements or weeks old pictures I would prefer to go on the pictures.
IMO
Do you have the statements for the years end? If not