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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by lucci2005on Jul 09, 2010 1:31pm
378 Views
Post# 17257590

RE: RE: interest

RE: RE: interestDon't mistake me, I'm not saying we will test 0.40 if both mines are operating by August.  There is no way in heck we will test 0.40 in August.  These aren't the same markets from 2 years ago.  There are a ton of undervalued stocks out there, and NAG is one of them.  But 0.40 by August is not only wishful thinking, it is beyond a dream.  I'm saying that eventually, by the end of the year, if we are producing from mine #2 and mine #3 (blue gem), and we get results out that show we are making money, then I really see no reason to not only test 0.40, but test and probably surpass our all time high of 0.65.  By August, we would be lucky to be trading at a quarter.  Why so low?  Two reasons really.  One, the markets are still pretty terrible.  Two, NAG's inability to deliver (overpromises made and so far they have underdelivered) and other delays they will encounter with the new mines.  That's why I don't see how we will start mining #2 and #3 by the end of July.  It will take longer.  Just look at mine #1.  That took half a year to put into production when it should have been a month or two at the most.

Anywho, saying what a stock will be one month or 6 months from now is purely speculation.  Anyone can come out and say this stock will be 0.02 or 0.65 by the end of the year.  The important thing is that NAG moves forward and starts producing blue gem (and does it for a profit, not a loss).
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