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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by TXRogerson Apr 20, 2010 7:26am
573 Views
Post# 17009655

RE: RE: RE: RE: Nag shares are obviously in accumu

RE: RE: RE: RE: Nag shares are obviously in accumuI am not sure I agree with you Dynamo.  Blue Gem coal is excellent quality and is a key process ingredient in the production of silicate metals.  And in the case of NAG,  no one seems sure of the details on the actual price of which they are selling their Blue Gem . But Blue Gem is a premium goal product and is surely selling at premium prices.  

So my point is more about the quanity currently being mined (which is not a lot) - probably around 10,000 tons per month by now.  What I want to see is news releases that point the production towards $75,000 tons / month in the upcoming year.   NAG stock will not rise dramatically unless shareholders see a rapid increase in the following summer months.

The NDX story is a positive one by all means.  But at the moment, it is not clear to me what their near future expansion plans may be - in actual production numbers .   So for now, I sit and watch from the sidelines.

Respectfully, TX
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