RE: RE: #3GG, I don't think you are going to get your 6 cent shares ... not soon, in any event. The second tranche of the PP is closed ... NAG's got $$ in the bank and a mine to start production ... with #2 already producing ... Remember, we were sitting at around .14 before the .12 PP was announced and then we went to .11-12 on that PP. After the PP was repriced to .08 we hovered around 9-10 cents ... My speculation is that based upon mine #2 alone we should be around .15 and with the announcement of mine #3 we should be in the low .20s ......... Of course, all this is if the markets cooperate.... oil today took a BIG hit and the markets were RED. I'm just hoping this isn't a trend ... and ALSO if NAG actually gets things done in a timely manner (which may be asking for a lot)!! Mine #3 should be producing already!!!!
I think we are all expecting 1) news of bond for mine #3 posted 2) roads should be almost completed 3) #3 mining within 2 weeks or so
I would really like numbers on mine #2 and numbers expected for mine #3.
Another thing. When mine #1 was producing, I think the coal price was about 55-60 dollars per ton. Its around 70 dollars per ton now .... I'm thinking that NAG really has to f.uck up royally to not make a profit on #2 and #3 since now they have experience with mine #1 and coal price gives some room for unexpected expenses.
Of course all the above is pure speculation. Too many factors to know about and I'm in the dark on many. I'm just hoping for the best and p.issed off that I missed a huge run in the markets holding NAG for so long!!!!!!1