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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Bullboard Posts
Comment by lucci2005on Jul 09, 2008 11:00pm
206 Views
Post# 15276272

RE: why all the worry on when permits are coming?

RE: why all the worry on when permits are coming?RCisback,

you said: "There are also Louise lake assays pending for NAG and that property had a est. value of 1.60 a share based on L.L. only. That kinda good news could just pop out at any time as well."


I actually enquired about this twice with NAG and was told on both times that a news update for LL will be coming out shortly. I was told this probably about 3-4 weeks ago. So yeah, in my opinion they will be putting out a news release on LL before the end of summer. Now, how good or exciting will it be? I asked about this and was told it was described to me as "very exciting". Take it for what it's worth. It may just be pumping from management, or it could actually be true. I guess the thing about a LL update, it can go both ways. If the market deems the news to be bad, than NAG will take a hit (forget about coal for a second). But if the markets likes the news (again, forget about cola for a second), then the share price can easily double or even more. However, don't forget that the 1.60 a share assumes that NAG will be able to mine this stuff. And from my understanding, they are still a good few months away from possibly doing this. So that's why on LL alone, it will never go to 1.60 without a profitable mining operation. Just trying to be realistic. Either way, combine coal news with LL news and other news on their property, and you cannot help being excited. GLTA.
Bullboard Posts