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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Post by angelnickyon Feb 19, 2010 12:14pm
432 Views
Post# 16800106

Nag facing mining challenges in Kentucky

Nag facing mining challenges in KentuckyNag facing difficulties
Production practically nil due to poor environmental conditions (hopefully it is only mother nature and noting to due with geology or coal seam wash out )
Augers not turning and cash is diminishing
Need to get to bigger /thicker seams where the payback /NPV be much higher
No growth with thin seam mining
SP value explains what is taking place for the future of NAG
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