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

TSXV:NAG - Post Discussion

North American Gem Inc > RE:RE: RE: RE: I wonder..
View:
Post by bobby1231 on Nov 19, 2009 11:25am

RE:RE: RE: RE: I wonder..

well let's also get W.V up and running as promised.
Comment by Stampede1 on Nov 19, 2009 11:33am
I don't think you would want that right now.The quality of coal from the WV leases will only get $40 - 43 per ton.  Cost to produce would be the same therefore it is currently not economical.Where the Kentucky leases are all very profitable with:Mine #1 - Jellico Seam bringing $58+ per ton and,Mine #2,3 - Blue Gem bringing in $110 per ton.   Go where the money is and produce to ...more  
Comment by Stampede1 on Nov 19, 2009 12:38pm
ke1882They would not tell me if the augers were running also - that information would be classified as insider.But what I got from my conversation were indications that they haven't been or have just started.Let me explain:When IR commented that the company was paying overtime to get everything up and running before this weekend to allow for a NR one would suspect that the auger ...more  
North American Gem Inc