NAG's focusI know I said this before, but for all the new shareholders (and even us, old shareholders), note NAG's new focus:
"North American Gem Inc. (TSX-V symbol: NAG) is a junior resource company in Western Canada. The company's major focus is expanding its coal mining operations at its flagship properties in Kentucky. In addition, the company has interests in coal, copper, molybdenum, and other base metals in Canada."
What's interesting about this is that their "major focus" is on "expanding its coal mining operations at its flagship properties in Kentucky". This basically tells me a couple of things:
1) their focus is strictly coal. not gold, not uranium, not copper, etc.
2) their focus is on expanding Kentucky (not just the current 1 mine in operation, 1 mine to start shortly and 2 other mines waiting on permits, etc.). We are talking expansion, which tells me they are constantly looking to acquire more mines/leases in the Kentucky area.
3) their flagship property is Kentucky. this tells me that once they are happy with operations in Kentucky, they will look to expand into other areas (other parts of the US, like their WV property, or back to Saskatchewan). It seems that the will not simply mine Kentucky, then sit around waiting for something else. They are now a coal producer. Their relationships and contacts they make while mining in Kentucky can and most likely will be used to acquire and produce coal in other areas. Kentucky is just one of their projects. GLTA.