RE: RE: RE: RE: #3Mine #3.....
Just from what I know going back to last year....
Mine #1 was delayed delayed delayed due to bad weather and was only supposed to help Nag get their feet wet we all knew this.. which is fine...It ended alot quicker than thought...
Mine #2 was originally Now mine #3 .... then there was a NR that stated they bought a existing permit and transfered it renamed it.... mine #2 and the old mine #2 is now mine #3.....
I don't know enough about The present #2 mine except before you get to blue gem you have to get thru jellico and dean coal which is still good stuff...
REGARDLESS>>>>
The old #2 mine now #3 mine is the big one! The frustrating thing is the delays which I Believe NAG management didn't count on... Speaking to an operator down there about a year ago about Nag When mine #1 was runnning and Now mine #3 which was mine #2.... He stated he didn't belive Mine #1 was able to produce 8000-10000 tonnes a month for very long! However he said mine #3 would be profitable because no one ever worked it and it has at least 20 -25 years even at 20,000 to 30,000 tonnes a month... Alot of operators will bid to work mine #3 a year ago #2. I think nag is just at a stage of getting approval for the operator in order to fix the roads and go from there.....It should happen hopefylly sooner than later...
Anyways that is all i got
Mad Money....