North American Gem Inc V.NAG

We were all aware Kentucky

[HHAPPY]

,weather was terrible in the first quarter of this year for production.
Lets hope the second quarter revenue flows show a much improved number.
Management has shown it has been busy making and completing deals toacquire as much potential "blue Gem" properties to become a major playerin that area.
Lets hope the tragic BP Mexican Gulf disaster does not cause too great adelay in permitting being done in other jurdisdictions As it would be only natural for permitting to be looked at more carefully.
For that matter I cannot understand with the supposed additional expert staff hired by NAG- why we have not received more permits than have been announced.
NAG has incurred significant obligatory payments , thankfully most based on performance, but obligations that will ahve to be funded.
It would seem imperative that multiple producing mines must begin production in order to meet these obligations.
Permits are the major hurdle that must be overcome. With the USA economy crying for more jobs , you would think the Kentucky government would be accelerating the process.

[NYRR]

    I agree very good considering the winter they had and start-up issues.... Permits will come in time... Nag will make money in 2nd qrter .. 3rd qrter is looking better all the time... GLTA