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Bullboard - Stock Discussion Forum North American Gem Inc V.NAG

TSXV:NAG - Post Discussion

North American Gem Inc > Excellent NR
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Post by mdzgn2006 on Apr 06, 2009 6:15pm

Excellent NR

Let's do a little math.

Let's take a theoretical  coal seam that is 20,000 ft by 200 ft by 3 ft ..............@ 50 lbs/cu.ft  it will contain 600,000,000 lbs of coal, i.e. 300,000 short tons. Central Appalachia coal is roughly  $ 65.00

I hope I calculated right. Would someone double check this?

I firmly believe there is going to a be a PLENTY of coal for NAG to mine.

No matter how much some of you like to pick on HHAPPY, he happens to be bang on this one.
Comment by HHAPPY on Apr 06, 2009 6:58pm
MDZGN ,I have most bashers on ignore ,but from your post apparently they still are using ad hominan attacks as they can't refute my information. Just doing DD.Spoke to person cionnected to drilling company. THE DISTANCE BETWEEN THE TWO HOLES DRILLED ON THE DALTON TRACT WAS 1500 FEET !!!More drilling will be done on the SAFFLE TRACT. But the cores did NOT show any potential problems re ...more  
Comment by Snowdogy on Apr 06, 2009 7:46pm
Yes, you can't compare the West Virginia coal seam thicknesses to the measurements being reported in Saskatchewan, ie GXS' 132m and CDB's 145m. Its a whole different world down there.Lets not pull another WER and have the sp drop tomorrow on good news.
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