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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by lucci2005on Oct 15, 2009 12:22pm
206 Views
Post# 16390602

RE: Other coalminer in Kentuck

RE: Other coalminer in KentuckNice post, here is an excerpt from TRET:

"Trend Technology Corporation (OTCBB: TRET) and Americas Energy Company (AECo) announced today that AECo has begun mining the Upland Church Project in Cardinal, Kentucky. Contract miner Clear Development LLC has started extracting the high quality Hance coal seam resulting in approximately 12,000 short tons via surface mining and an additional 3,000 to 4,000 short tons utilizing auger mining. "

and

"We plan to deliver our first coal production to a major southeastern Kentucky coal broker the last week of October. That production is anticipated to result in gross revenues exceeding $900,000 per month through 2012. We have officially put our business plan to work. All of our expectations have been met or exceeded. We assembled a first class group of partners to assist us in building on the foundations our team has put in place over the last three
years," said Chris Headrick, President and Co-CEO of Americas Energy Comp".


compare this to NAG, we are not far off by any means. Our "tons" and "revenues" are actually higher per month/year, except that we only go for 12-18 months while these guys go through 2012. But we have other mines in Kentucky. Anybody know what the o/s shares is for TRET? thanks.
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