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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by donat50on Sep 08, 2010 12:13pm
250 Views
Post# 17424764

RE: website

RE: websiteKentucky Mine Partners LLC (KMP) has all of the equipment to perform the mining operations prepared and staged at the North American Gem #2 Mine. Initial production of the Blue Gem and Jellico coal is planned for a combined production rate of approximately 8,000 - 10,000 tons per month. The North American Gem #2 Mine will be a surface mining and augering operation. NAG has a buyer in place to purchase all of the coal produced from the North American Gem #2 Mine . on Mine#3 I believe I read somewhere that they expect 24,000 tones a month from this one so together we should be looking at 30.000 plus Blue Gem and Jellico coal sent to buyers .This should be at a sustaining profit I would think .So Maybe by the end of September we will be in a good position to move up .Just my thoughts .GLTA
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