RE: RE: RE: RE: RE: Other coalminer in KentuckAlthough price predictions are 99% of the time wrong, I don't think NAG will hit $1 with only Kentucky. 0.20-0.30 should be attainable (hopefully), but I think in order to get to $1 and over, NAG needs to start mining WV and also hit a couple of really good holes in Saskatchewan. Now 2-3 years down the road (or whatever it takes), if NAG starts producing in Saskatchewan (along with GXS and others), then no doubt it will be over $1. But production in Saskatchewan is many many many months/years away. So let's not even talk about that. But yeah, Kentucky alone I don't think will get us to $1.
This is what I'd like to see:
1) October 2009 -- start production in Kentucky
2) Jan/Feb 2010 -- start production on Blue Gem coal in Kentucky
3) Jan/Mar 2010 -- start production on remaining 2 coal seas in Kentucky
4) early 2010 --start production in WV
5) early 2010 --start drilling Saskatchewan (maybe a step out hole at Adamas, or the townships south of GXS, etc.). or maybe form some J.V.s and start drilling together.
6) sometime in 2010 --revisit L.L. and see if it is profitable. with the increase in gold prices and other metals, it could very well be profitable. but for now i understand the focus is and will be on coal.