North American Gem Inc V.NAG

NAGs coal reserves and mine lives?

[TXRogers]

For NAGs coal prospects only:

I don't know if anyone else has been wondering, but where is NAGs long term prospect with regards to time duration of coal mining in Kentucky ?  How much estimated coal are they permitted to mine at this time and how long will it last them ?

Or is Kentucky a few years of mining only,  andSaskatchewan is the long term future ?

Any thoughts would be appreciated.

[stavros67]

Go back and read the Jay Taylor article. In it, it was stated that they may have a MONSTER coal deposit there in Kentucky and they have only literally scratched the surface. It will require some drilling but they will probably find LOTS of high quality coal.Also, I heard a rumor that the Saskatchewan coal play will heat up later this spring-early summer. Things will be very exciting for all us NAG

[blablo]

What property were they drilling hoping to find the monster reserve?

[TXRogers]

I hope you're right stavros67 -  there's nothing better than having a large stock position which just keeps growing in value.  However,  I try and not to bank so much on speculations by Jay Taylor and am more interested in the here-and-now.And I would agree that the Saskatchewan coal will be the next logical frontier to pursue.   What I wanted to know was how much

[donat50]

In a previous news release NAG stated that they have over 20 years of reserves in Kentucky alone .With gold headed higher again I would think LL would be a good next play .Saskatchewan doesn't have any processing facilities yet so production there is a long way off .GXS and the others are spinning there wheels trying to see how much coal they have while NAG moves forward .We have the best play

[lucci2005]

Donat50,You are 100% correct.  We have the best coal play out there.  GXS and others are finding out how much coal there is.  We have the most land there, and the coal is spread throughout, not just on GXS land.  So they are doing all the work for us.  As for production, we are many years away from it in Saskatchewan.  So for NAG to focus on Kentucky is very smart

[TXRogers]

Interesting comments and view points.   Thank you fellow investors.Sounds like NAG is going to be one of my long positions.And I will keep accumulating accordingly.