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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by sebastian2on Jan 04, 2010 1:45pm
277 Views
Post# 16636011

RE: RE: RE: RE: We are doomed

RE: RE: RE: RE: We are doomed
I would expect that not much has been produced over the last two weeks at mine #1.  With holidays there is just not much sense to go into start-stop production.  I can see a two week shutdown period there as a reasonable choice.  Therefore I would not expect any news from mine #1 for at last another two weeks. 

In my opinion the most significant news was the repayment of loan and recovery of principal for that loan expected soon.  This removes some of the finanical risks and dependence on mine #1 revenue to kick start mines #2-8.  With this cash the next projects do not rely directly on revenues from mine #1 and can be financed independently.
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