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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by nickelanddimeon Feb 09, 2011 12:06am
430 Views
Post# 18099360

RE: anouncement

RE: anouncementNot sure about 25 hrs but next major news will be:

Mine #2 is down in production due to inclement weather.  8K tonnes/month. 
Mine #3 running in March - 25K tonnes/month expected but much higher concentrations of blue gem coal available.  Blue gem sells at 2-3x thermal coal (approx $160-200 tonne)

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This s/p has been "managed" to be at current levels by granting and exercising of options to create stability and protect recent pp.  Short term flipping would destabilize stock price and create a trend for sell-off. 

Expect s/p to sharply rise after news of mine #3 which should be immune to short term sell-off due to sound financials. Above .60 after Q2.  Above $1 if Mine#4 permitted and primed by year's end.

Nickel and Dime




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