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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Post by miner8740on Aug 02, 2010 8:01pm
459 Views
Post# 17315824

Nag is not profitable

Nag is not profitableNag number 1 mine was not profitable as noted in the last news release and reason for curtailing operation. Nag number 2 mine at 8000 to 10000 tons per month at 300 tons per day is not profitable for mining. Company did not do a pre feasiability study up front to determine if operation is viable. Nag will drift back to 7 cents in the near future. How can you grow if you operation is not profitable???????
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