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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by sandymackayon Sep 25, 2009 10:42am
239 Views
Post# 16338208

RE: RE: RE: The first revenue figures from Kentuck

RE: RE: RE: The first revenue figures from KentuckI dont think NAG would be moving ahead so aggressively if they werent certain they would be generating a sizeable profit. Remember NAG will also generate revenue by charging other companys to process coal in their coal facility.  Dean Schafer I am told has done amazing work in Kentucky. He is from the area and knows the business. NAG has put their faith in him and he has proven himself. There are more coal leases to come and I believe that the first lease will be just a revenue builder so that NAG can continue to grow.  At $18/ ton multiplied by 20K tons/ month is $360K. You can't deny that that is a step in the right direction as revenue will eventually lead to profit.

SM
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