North American Gem Inc V.NAG

Osix Interview

[mcugly]

Anybody know when this interview aired? At the end Charles indicated that 2-3 years from now the company expects to produce a million tons of coal per year with 40-60% of that being blue gem. If in fact this comes to fruition the share price should explode from these levels. jmho

[sebastian2]

This only attracts short term traders.  If you look at the expenses for news dissemination on the financial report it is a significant portion of the expenses.  I would not expect an Nr every week....

[lucci2005]

A couple of things from the Onix interview:1) Charles would be "very surprised" if 2-3 years from now NAG is not producing at least 1 million tons/year, with 40-60% of that being blue gem.2) mine #2 to start production within 45-60 days?3) mine #3 to be permitted in the next 30 days?I'm assuming these are the estimates that they got from the government.  If this

[mdzgn2006]

Lucci,Do you have any idea when this interview was recorded?  If it was 3- 4 weeks ago, we may be looking at a different timeline... 

[richman99]

You are just a bit off on your estimates.It will be aprox. 800,000 tons/year, with about 30% to 35% "Blue Gem".Sitting on 1.3 mil & "nobody" willget even 1 of' them.And yes,3 mines by the summer's end.L&SP.S.Just in case I'm wrong,  Ha!! Ha!!I have plenty of WTN(Western Coal)

[sambrown21]

lack of new is the issue

[lucci2005]

Mdzgn2006,Good question.  The interview was recorded on April 22/2010.  Therefore, the 45-60 days (mine #2) and within 30 days (mine #3) is actually sooner than we think.In regards to April 22/10, if you try to "save" the inteveriew, the file name comes up a "Apr 22/10".  That's how I got that date.  I think that's pretty accurate.As for buying

[wallywill]

[wallywill]

The cut and paste didn't work. The interview was on the 14th after Nag had released the news on that day.Richman had posted it that same nite.GLTAWallywill

[mcugly]

If Charles' estimates are only half right then this is still an explosive opportunity. Consider that 500,000 tons at net profit of only $18/ton equates to $9 million/yr or approx $.60/share. AT only 5 times earnings that amounts to a $3.00 share price!!! Reality or fantasy? You decide. Only time will tell. Are you prepared to wait? I am.

[mcugly]

Oops! One too many cocktails and one too many zeros. That should be $.06/share not $.60. I do believe however, that this company still has great potential. If Charles is correct in his long term estimate of 1 million tons then blue gem would account for 40% or 400,000 tons. Assuming a net profit of $40/ton that's $16 million. For the balance of 600,000 tons @ net profit of $20/ton that would