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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Saturn4on Mar 30, 2010 2:47am
504 Views
Post# 16938031

RE: RE: RE: RE: A little play with numbers

RE: RE: RE: RE: A little play with numbersThe last I heard from IR was that BG coal was going for about $170 ... this was over a month ago.  I believe the cost of producing will remain at $40 per ton ... no reason for it to go up .... if it does, it will probably not go up too much ... just speculation but also based on conversations with IR ...  Even if the cost is $70 ... and the price of BG is $170, NAG is looking at a profit of $100 a ton ... imagine that with 25K highwalling a month!!!  Yummy!!  We still need permits though ... and I'm getting a bit p'ed off at the delay!!!  Anyday now??  WTF?  IR's been saying that for a few months now for mine #2 and I don't think they will be mining BG right away from that mine, as per my conversation with IR.
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