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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by lucci2005on Nov 19, 2009 11:26am
215 Views
Post# 16503587

RE: RE: RE: RE: I wonder..

RE: RE: RE: RE: I wonder..Stampede, I agree with you.  I don't see them putting out numbers just yet.  What they will tell us is that they have been successful in starting Mine #1 and they are currently producing and shipping coal.  They may tell us the the first shipment is on the road and that money has been received.  Then they may go on to tell us that they plan on using such and such techniques and production will increase in the near future, etc etc.  Then they will give us a quick update on Mine #3 and #4, and also state probably that production will start on Mine #2 maybe by the end of the year.

But I don't see concrete numbers coming out now.  Like you said, if they say a number but then a month from now they come back and state that numbers are lower than initial estimates.  That would not be good.   GLTA and still holding.
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