interestingI'm not making much of this, but either way, it's quite interesting. This was posted in August, 2008 (I guess in and around the time the market went beserk???). Anywho, it's a mine for sale. I realize it's 2 yrs ago and market conditions were a lot different, but still, here are the details:
--price is $210,000,000
--coal reservers (60M), out of which they are estimating recoverable of 55% (= 33,000,000 tons)
--production of 40,000 tons/month for the first year
--this is a long-term mine (over 10/15 yrs)
--capital needed to fund the project ($16M)
--this is all blue gem coal
I just found it interesting, since even if NAG's mine #3 produces 25,000/tons month for 15 years...well NAG would make a good profit. NAG's reserves are obviously not 60M (or 33M tons), but still....see below
mine #3 = 25,000 tons/month (x 15 yrs) = 4,500,000
mine #4, #5, #6, etc (say only 3 more Blue Gem mines) = 25,000 tons/month x 15 yrs = 13,500,000
total = 18,000,000 tons (over 15 yrs). If a 33,000,000 tons is asking for $210,000,000, then what would 18,000,000 ask for??? Hmmm, I guess that would be around $114,545,000. Divide this by our o/s shares (114,545,000 / 180,000,000 o/s soon) =
.63/share
Here's the link:
https://www.go4funding.com/$210mm-Tennessee-Blue-Gem-Coal-Mine-for-sale/P9944.html
Anywho, I'm just trying to show that Blue gem is very profitable. And if you were to google "blue gem coal", the majority of the first page would be all about NAG. Oh one last thing, as for the PP, let's just say it's already filled. We are now just waiting for "official" confirmation from NAG. GLTA.