North American Gem Inc V.NAG

talked to IR

[stockhound2]

well I talked to I R and they apoligize but because the deposit is not 43 101 compliant they can't talk numbers  but from what I gathered from the convesation is that everything is in place  for the mine operation, the company that we are buying has everything in place. we have a engineer that is compliant ready to go and the buyers are in place ,  and there are at least 3 deposits ready to go, the first right away and the next  will only take weeks to get ready.  I think we will be very happy with the end result.  I am more happy with this than before so I will be buying. cash flow is cash flow. this will help us with the exploration of sask .  this may be a huge surprise that know one was expecting.  any questions  I will try and answer.

[shane117]

What are you talking about??? There still at th permit stages in Virginia. Pretty much the same status as Sask. only they know they have a little bit more coal. Where do you think they are going to get fiancing for all of these locations??? These days it's extremely hard to get financing for 1 mine let alone trying to take onthe whole world. NAG is years away from opening a mine.

[stockhound2]

 the company we are taking over has permits at various stages and he said there was minning permits in  place on 3 deposits , and strip minning doesn't take a whole lot of effort to get going. why would we take over a company that wasn't close to being operational. that would make no sense.  we just need to make it 43-101 and that is wat will happen right after we

[shane117]

Do you consider a mine operational just becuase a company starts drilling??? That's ludacris. Look it up to see what stages ait takes to get an operational mine. Years away!

[shane117]

No certainty??? No feasibility study?????????? That's insane and careless!!!!!!! And you say that is good management? LOL!!!!!!!!!!!!!

[Loudermilk]

      They were probably required to say that by the TSX.  It's legal bullroar.  Unless they have the 43-101 they can't state how much the property is worth because, legally and technically, they don't have precise figures.  Mines make money, especially when the rock your pulling out of the ground is in huge demand.

[stockhound2]

 the company that is being taken over has done most of the work yes they are not 43 101 but we don't need it  to be able  to mine  if the resorce is there and by the fact that you look at the area that we are working in I would think that there is a good chance we will have no problem finding enough coal. they  do things differntly down there ,if you want a resource

[Enma_49]

Why do you talk a lot on a private company in West Virginia but is registered in BC, canada?Why people cann't find that "private" company from Google search?? too private, huh??Maybe in China or India, there are a lot of small mines with minimum wages, why not a huge Chinese private mine?? It is too far away for us to google it, is it good thing?