Appalachia coal play. Saffel Property is 37 acres , Dalton Property is 134 acres. Based on the drill results and historical data [which NAG cannot publically use based on BCSC rulings at present-until 43-101 is done} there is 11 million tons of sub bituminous of surface [strip] mining insitu on the Dalton property.Plus significan't mutiple of that amount available for deep mining once the more economical surface mining
Nag property in W.Virginia announced hold 8 seams of coal. And geologists who know the area well feel that the 6 seams still to be tested will yield higher numbers than the very satisfactory 3 feet size .
Apparently the economic deterioration in W. Virginia coal industry is causing those companies who were mining metalurgic and heating coal uses. The companies who are providing [as NAG properties will do] coal for use by electric generation plants and the coal being found by NAG is of high grade, much lower carbon foot prints. I would add a caveat here-we still need the assays to prove this last statement.
The Kittaning seam can support 20-30 years of production not just from surface mining but deep mining as well.
The following is pricing available. There should be an update early next week as normally there would be an update on Friday. Note that the pricing for NAG holdings fall into the Central Appalachia category.