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

TSXV:NAG - Post Discussion

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Post by kevinator on May 03, 2010 12:45am

Gem #2

Thanks Wallywill for clarifying why nag management are doing the things they are doing and with who they choose to do em with. Much appreciated. I love it when posters back what they say with past nr's. What I am confused about Wally is who is paying for the augers, and what are augers, I guess I could google it too. But you sound like you know something about the mining business.   
Comment by wallywill on May 03, 2010 9:34am
NAG has contracted coal mining companies like Engle Hollow for mine 1 and KMP to mine the other mines They each have their own coal mining equipment . .Augers are one of the methods used to extract coal from high walls. Basically it is like a big drill bit entering the exposed coal seam sideways. Other types of machinery is also avail. Vist Nags home and view the CEO clip it shows high wallers in ...more