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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Post by HHAPPYon Sep 11, 2008 4:19pm
244 Views
Post# 15449476

Just received some info from

Just received some info fromyje Coal Convention in Vancouver. First Nag has one permit already approved that covers 900 acres of the Appalachia play. They have samples tested from that area. The sample wet showed 12,579 BTU and dry 13,422 BTU .These are significantly high numbers to produce the energy for electric conversion.
Obviously NAG's geo people are involved. They expect all approvals well before Sept 30.
A railroad company { sorry the name of the company ws misplaced] has ordered more freight cars as they cannot meet the demand  that is out there. They stated in their release that many of the buyers of the coal are being forced to renegotiate prices paid as the demand for the coal is so great prices are being increased.
Looks great for NAG. But do your own DD.
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