RE: RE: RE: RE: NAG should...Hi lucci
Yes your eyes are not deceiving you. 240,000 tons for the life of the mine. so yes I figure about 10 months also.
There was some guesstimates on mine life around 5 years but that is the length of some of the 5 sub leases contained within the Swan Pond property. Some of the leases in the Swan Pond lease are as short as 2 years.
Remember that this was originally called mine #2 and was a stepping stone for Mine #3 (Wynn Hollow)
This was until they got the Granny Rose lease and that became mine #2 and Swan Pond then became #3.
Mine size comparison:
Bays Hollow 1100 acres
Granny Rose 2100 acres
Swan Pond 4900 acres
Nag is acquiring and operating small mines in Kentucky with short life spans. The big one is in Sask.
Here is an old refresher article on Blue Gem mining in Kentucky and why NAG is dealing with these small
Ma and Pa operations.
https://currents.westlawbusiness.com/Articles/2009/11/20091110_0027.aspx?src=WBSignon
Hope this helps
Wallywill