A Good Strategist At WorkAgain NAG has struck another deal with Low Cash cost of $0.3million. Had the company made the deal that WER did, the cash cost would havebeen $1.15 million - smart approach to preserve precious cash for drilling.
The prospect of having Cash Flow in the near term is asignificant development. It will remove a major risk factor for a junior andits investors– raising capital in an uncertain financial market as of late.Much better financial resources and flexibility such as credit line will becomeavailable.
For the last 4 months since the start of the permitapplications, the company is progressing forward in distinctive steps:
1)Acquired with minimal cash cost the Adamas discoveryproperties.
2)Staked the largest area in the regional NW trend west ofPasquia Hill.
3)Hired 2 coal specialists as advisors, one renowned for greatcoal discoveries as well as good governmental knowledge and connections. Theother with wide scope of expertise in exploration, development and operation ofcoal mines.
4)MOU to acquire Appalachia Coal Corp with near term productionand cash flow.
Charles seems to be conducting matters well so far. Is NAGbeing set up or not as a serious lead player in this Coal Discovery field incentral Saskatchewan? I believe everyone has his/her own answer as I have mine.
KT