RE: news today??And I've got no problem waiting until February to find out the numebrs, all that I'm saying is IMO I wouldn't be expecting NAG to move much higher until we do get numbers... even if mine 2 goes into production. Mainly because what does going into production mean
"...Kentucky has agreed to purchase up to 15,000 clean tons of coal per month."
"NAG expects to have a monthly coal production level of approximately 10,000 net tons, given each auger can produce 4,000-6,000 net tons per month"
"Based on the capabilities of the mining equipment being employed at the North American Gem Mine #1 coupled with the mining conditions that exist on the site, the production goal is 10,000 net tons per month of production, at this time."
Did NAG meet it's production goal? They are assuming each auger can produce 4000 tons to 6000 tons is this currently accurate? If the augers can only produce 2000 tons ($36, 000) that's a big differencethan 4000 tons ($72, 000) or 6000 tons ($108,000).
And I'm not saying NR everythime a shipment is made but for a company which hasn't made a single penny without selling stock I for one would LOVE to see their first shipment NRed to give us some data to make estimated risks, else you are correct we will remain a "speculative very high risk stock here " and that's something that in this risk adverse world we want to move away from.
IMO