RE: I'm not selling just yet!...Saturn,
Very good post !
As the share price increases, so will the depth of their business.
They have now become a producer, rather than 'just' an explorer.
That distinction is worth AT LEAST twice the share price NAG is trading at !
The earlier PP's have earned them enough $ to get to this stage.
These PP's being vital enough, that even Charles sold some of his shares at low amounts to be a part of them!
Kentucky Mine number 1 won't be enough to finance their operations, so as the other coal mines go into production,
that will eventually give NAG enough money to self finance their operations.
The increase in the share price will also give the NAG money from the warrant holders, who will
cash in their warrant as the price increases. These additional shares have already been accounted for in the
fully diluted float, so it should have very little effect.
I also expect the volume to be very heavy from here on in...
Especially as the operations are advancing, and the Sask drilling is about to begin.
I think you are right about Lake Louise.
This has proven itself as a viable project, complete with an engineer report.
The scope of this project has not been fully explored as yet, since the resource is still OPEN on 3 sides...
as well as to DEPTH.
As NAG is now a coal producer, I fully expect Lake Louise to be optioned to mining company that will
progress it to production as well.
The "other option" for Lake Louise, is to break it off NAG, and create a new stock....giving shares to
existing share holders of NAG.
NAG is in the beginning stages of a MAJOR expansion with EXCELLENT growth in the near future for
all shareholders.
riddlethis