North American Gem Inc V.NAG

Question

[peephole]

So NAG expects to mine 10,000 tons of coal a month using the 2 augers.  Since I know nothing of mining wouldn't a fair amount of the 10,000 tons be rocks and waste material.  Does anyone know what amount is sellable as it states that Blue Star intends to purchase 15,000 clean tons of coal a month.  Is something missing here?  I have a lot of money invested in NAG like many other posters on this board but I am still so leary of this company.  Unless I missed this answer, I have never seen it, thanks in advance.

[ThreeSticks]

peehole, most of what they mine is plain DIRT!!! And almost worth LESS!! I'd forget about it, if I were you!IMOBobPS: NO more coal fired generation in Saskatchewan!!!! And this dirt is NOT worth shipping!!!

[LapTopCop]

?????? really lots of money.....???????? no nothing about mining....??????? leary of the company.....oh my oh my.....is there ever something missing........lolLTC

[peephole]

Instead of more junk that this board does not need, why don't you answer my questions Lap Top or are you just good with the one liners.  I dont see a whole lot of knowledge on this board. Pretty bad when SLT is the voice of reason.

[sandymackay]

 Jay Taylor's  recent 4 page article about NAG states that NAG has chosen to use highwall techniques instead of auger mining. This would allow the company to produce up to 30,000 tons/ month.   I bet he has been told that NAG started up coal lease #1 using auger mining, just to get the processing facility up and running and they will transition to highwall once everything is

[donat50]

After they play with the dirt they expect to process 10,000 tons of washed coal .They have a buyer who will buy up to 15,000 tons per month .Da that means they have all they can produce sold .So what more do you possibly need to know .We are a coal producing company .Not years away from operating we are in real time .If GXS can reach $19.00 on just finding coal where should we be actually selling

[ivanhoe2]

"If GXS can reach $19.00 on just finding coal where should we be actually selling it" .That's the question I've been wondering about too.

[lucci2005]

GXS reached $19 in...1) better markets (just look at the indexes back then) and better economy2) when the whole "Saskatchewan" section was hot and companies were climbing all over each other to claim land3) when companies would go up to dollars from pennies if they announced something big like coal/gold/oil find etc etc.4) their o/s shares is 19M therefore their share price will go