RE: RE: Additonal Discussion: Financials are outYou mention the possibility that NAG would buy a mining machine.
I do not know for sure. My main point being that NAG management has re-tooled the company from a general resource company involving various properties and commodities to primarily a coal producing company. And that's very good news. I jumped into this stock because I believed this to be their best business case.
I received some emails recently on the subject of the capacity of High Wall coal seam mining. Or more to the point: What is the potential output for a company that focuses exclusively on this method of mining ? And High Wall and surface mining are the least dangerous methods and with less manpower required.
And I was surprised to discover that with the proper equipment (rented or purchased or financed), NAG can build a company with a remarkable output. And that is why Charles Desjardin's claim of building a company in the next three years that produces over a million tons of Blue Gem a year is very believable.
I am more interested in what the company can achieve from here on, and not so much what their net income is today. And the potential for high growth is definitely there to be seen.
I like what I see here, and I am in.