RE: RE: RE: Nag shares are obviously in accumulatiThe NDX news is good, but wont compare when NAG is mining 25K tons per month per mine of blue gem coal. I was told that BG coal is going for around $140/ton. If NAG has 2 BG mines operating, that would be 50K tons/month X $140 = $ 7million/ month X 12 months= $84 milion. If NAG earns 30% of that, as they do with the thermal coal contracts, that is still around $25 million/ yr, and that is just for 2 BG mines. Now factor is 4 to 5 additional mines and this thing is going to fly.
25 million/ 140million shares= .18 at 5 times earnings = $.90 and $1.80 at 10 times earnings.
P.S. these are just my rough estimates so dont quote me, but I believe the figures could be reached within the year.
SM