Excellent ReadSpot market prices are drawing smart money to the opportunity because prices are expected to increase with the rising demand for silicate metals, among other things. The limited supply and great demand creates the ability for North American Group to set a profitable price for Blue Gem coal on the spot market. The coal leases North American Gem acquired establish Canadian-based NAG as a coal producer with the ability to enter into long-term supply contracts, such as the one recently entered into between Tennessee Valley Authority and Alliance Resource Partners.
While all of this upside is promising, the parties have not forgotten the impact of impending regulation. Part of the North American Gem transaction involved commitments to incorporate environmental controls that keep the companies compliant with increased regulatory burdens.
Hope this kind of News will help Our SP next week and from now on .GO NAG GO ----GLTA