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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by 99921on May 02, 2010 1:13pm
367 Views
Post# 17053771

RE: Additonal Discussion: Financials are out

RE: Additonal Discussion: Financials are outHi TXR:

You mention the possibility that NAG would buy a mining machine. My understanding is that NAG contracts out all of the actual mining operations to a third party. I get the impression that their operating costs are fixed at that end and that their selling prices are also governed by fairly long term agreements. That way their net income from the whole process is quite easy to determine. I would be interested in knowing if this is not the case.   Thanks.
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