Post by
HHAPPY on Sep 16, 2008 5:04pm
Shareholders of NAG should be
factoring in Appalachia Coal property before worrying about permit arrival. By Sept 30th if not end of this week we
should have a completed deal. The smallest of the three seams will be strip-mined first so that by Jan1 we will probably be reporting revenue flows. The estimated expense will be $ 35-43 per ton and the spot price is $145.
00 a ton right now. They have a contract with the mining engineering company company and with a buyer.
At the same time they will complete a 43-101 on this seam and will eventually will have 43-101 on the other two know seams.{there may be more seams and deeper deposits that are common in that part of West Virginia. ]
I am estimating 100 million tons on first seam, 3 million tons on second and 10+ on third.
This revenue will pay ALL the costs of exploration and a lot of development of the Saskatchewan coal play once permits are approved. Depending on what is found in Saskatchewan- if large enough- a major J/V may be best policy.
In any event Appalachia will justify a much higher valuation foe NAG shares. And "Clean coal" is a commofity that will maintain its value even in the event of continuing commodity bear market.
Comment by
RCisback on Sep 16, 2008 5:08pm
HHAPPY, and you received all this info on cost of mining and what tonnage each seam holds by whom?I know, I know...your "geo" friend....is his name Charlie??Heres a thought HHAPPY.....disapear for awhile.
Comment by
Canadude25 on Sep 16, 2008 5:10pm
Why do you want HHAPPY to disappear?? I like what he has to say. As a NAG holder don't you???
Comment by
RCisback on Sep 16, 2008 5:14pm
If he spoke in his own words, that would be great but I am afraid to say that he does not. He speaks only what he is told to.Of course this is my opinion but its based on in-box messages from HHAPPY explaining his connection to Charlie.