RE: RE: RE: News soon ??Things are only getting better with this story. My understanding is that mine 2 will be in production by early 2010. At 30K tons per month. Blue gem is currently worth $110 to $120 per ton. Revenue= $ 3.3 million/ month, minimum. If NAG has the same contract in place they will net approx. 30% or $990,000/ month.Then 3 and 4 will follow shortly. Not bad for the initial stages of production.
Also I dont know if anyone picked up on this or not but someone posted about a private company in Kentucky that claimed to have the largest resource of BG coal ( 5 million tons proven and 5 million indicated). Well Charles went on record in his CEO clip to say that NAG may have the largest blue gem resource in North America. If you do the math things you can't help but get excited!
Finally NAG also plans to drill test the coal seams below the Blue gem seams on #3 and #4, which means there is a Sh*t load of coal on the properties. I just dont understand why people arent jumping all over this story given what we know!
SM