I'm not selling just yet!...I have been waiting for this day for well over a year now!! The s/p has surpassed my average .... I averaged down considerably over the year ... like I said earlier, every cent NAG goes up, my faith in management gets stronger. I'm reminded of lucci's post earlier ... and I still agree ... I think NAG is on to something with coal ... I don't think they will be moving onto uranium, potash, lithium, gold or whatever the "hot" commodity is today ... coal is KING for NAG ... they are building a business, they are a producer now with hopefully good cashflow ... I'm still looking forward to:
1. Drilling in Sask. - I understand 1) they have drill permits, 2) they also have a JV with SF/WCU and SF just announced
the closing of their PP ... hopefully now they have enough money to drill on NAG land - which is their priority.
Don't forget that GXS is supposed to have their 43-101 on the amount of coal they have on their land
or part of their land that they drilled ---- that should come anytime ... lots of guesses but likely well over 100 million
tons (just a tip of the iceberg likely) ...... If you think that's not going to pull ALL the coal plays higher - then I disagree
with you there.
2. They have THREE (3), count them ... THREE --- ONE TWO, THREE more mines still waiting for production and
likely within the next few months we will see a trickle of news hopefully good and on a consistent basis ... AND folks
that's the BLUE GEM coal ...
3. They have West Virginia with a non-43-101 estimate of 100 million tons of coal ... they have been working on this for
about a year so I am hoping that they get permits for production there relatively shortly as well ... my guestimate is
that by first quarter next year W.V. should be in production --- if all goes well ... from my understanding the quality of
coal is much much better then what Sask. holds...
4. Don't ever forget LL ... it might not be a priority yet, but it still holds promise ... from my understanding when the
feasibility study was done, metal prices were no where near what they are today ... LL might just be a nice surprise.
I must admit, frustration got the better of me earlier, but I was patient - it paid off for me and it looks like it will pay off even more ... I am still careful and will continue to be cautious ... if at any moment I see that NAG is not meeting its expectations I will sell and be gone ... So far, so good .... CONGRATULATIONS TO ALL who have finally made some money on NAG.