North American Gem Inc V.NAG

NAG - Raw Numbers

[tmbfree]

I'm looking for peoples reactions to this (good, bad or indifferent).

Once NAG production is up and running at Mine #1, here is a simple calculation (by the raw numbers only) .. no commitments, no pay-outs etc.. just raw numbers. Any thoughts?

15,000 tons per month (Mine #1 - 12,800 BTU <1% S02)

x

$54.15 ( Central Appalachia 12,500 Btu, 1.2 SO2 )

=

$812,250.00 month

x 12 mos

=

$9,747,000.00 year

[moneydaze]

yep however when speaking with IR a couple of weeks ago the number they gave me was 58 dollars per tonne. however they also told me that this news was going to be out a couple of days after speaking with them so.....cheers moneydaze

[Saturn4]

The $58 a ton has already been reported --- in the NR that said the cost would be $40 per ton (as I recall) ... look it up ... the calculations aren't that hard to do ... they've already said how much they think they'll be mining per month ... the only problem is we don't know of other costs that they may incur ... so, roughly $18 per ton profit @ let's say 10,000 tons per