North American Gem Inc V.NAG

The latest on mine #2 permit

[mdzgn2006]

Just checked the State of Kentucky Division of Mine Permits database.



The most recent entry is dated 2/12 2010  with the following remarks:

"ADMINISTRATIVELY CORRECTED APPLICATION RESUBMITTED"

"Latest decision on 2/26 2010        10 DAYS REMAINING"



Looks like we are moving forward finally!!!

GLTA

[savannahssavvy]

Many thanks, "mdzgn2006."  Isn't the timing remarkable:  the 10 cent options expire on 2/25/2010, and the decision regarding the corrected application is due on 2/26/2010.  Go figure!Go NAG Go!

[sandymackay]

Good DD thanks for that mdzgn2006! Ive heard that NAG is hoping to have permits for mine #2 by the end of Feb.  I hope that the permitting application process will move more smoothly with the latest 2 additions to the NAG team. Good Luck!SM

[Saturn4]

mdzgn2006, nice DD --- based upon the information you found, the decision will be Feb. 26, 2010 on mine #2 permits.  I'm wondering if IR knows of this, cuz if they do and they still have been saying "any day now", that would put a bit of a dimmer on their credibility.  When I call IR, that's what I have been told, "could be any day now" ... maybe they know

[mdzgn2006]

Saturn, My reading is that the decision can be anytime between now and the 26th. To me, nothing wrong with IR's credibility. You can find this info at https://www.minepermits.ky.gov/sminformationsystem/ You need the latest version of Java.

[donat50]

Charles has stated that #2 mine should produce 30,000 ton a month #1 10,000 ton per month .They have 4 or 5 buyers for the Blue Gem coal .The Mill is capable of 300 tons an hour .As mines come on line NAG will meet all the demands and will have a possitive cash flow .GLTA

[mdzgn2006]

On the interactive map of  the Kentucky.gov Division of Mining Permits website,application # 8610502, i.e. application for NAG Mine #2 can be located as "permit pending".For those who may not be aware, mine #2 is Blue Gem coal.Both the maps and the database are updated daily.

[Saturn4]

mdzgn2006, are u sure mine #2 is blue gem?  I have always been under the impression that it is not blue gem ... I think that's what IR told me once too.  Anyone else know?

[mdzgn2006]

It is Jellico and Blue GemSeptember 23, 2009: North American Gem Inc. (TSX-V symbol: NAG) (NAG) is pleased to announce completion of a Definitive Agreement to acquire a near production coal mining leases located in Knox County, Kentucky. Mining permit application # 861-0502 is in review with the Department of Natural Resources (the "DNR") offices in Frankfort, Kentucky and is expected

[Batya99]

I wonder how much the bad weather will effect NAG s ability to get the coal?   It seems like there might be more delays?   Isnt there like 3 feet of snow there and freezing temperatures?