North American Gem Inc V.NAG

EVERYONES BAFFLED:

[Bluegene66]

hey V2, you just described the venture exchange. SLT crashed along with most others because of the uranium fallout (no pun intended). Examples-UEX $9.00 to
.70. STM-$3.75 to
.25. JNN-$3.50 to
.14. SLT is in the process of negotiating a operating mining permit currently producing metallurgical coal in Kentucky. My thoughts are SLT will be producing more coal than NAG short term, they will fast track this project using there past experiences. Is this fair? absolutely not, NAG should be first in line.

[SUCYN]

That's one reason that I own 130,000 shares of SLT with an average cost of 0.0575....Also the surface results are back from the lab, and the lab must have leaked out that the copper and gold numbers were very good....Maybe that's why an investor bought a bunch a week or so back...I'm hoping that SLT will put out the results within the next few weeks...SP could double when released

[Saturn4]

Baffled, indeed ... by-the-way, Durkastan, I appreciate your comments but I think you are being very conservative with your projected s/p targets.  With both mine #2 and #3 producing at full capacity (by that, I mean 8-10 K for #2 and 25K for #3 -- although that can be added to later) IMO we should be closer to the .50 mark in s/p.  As the other mines start getting operational the s/p

[Saturn4]

LOL, Z06 --- I didn't think I had a rep :)  But in any event, yes, I do believe the mine was profitable.  The first few months were bad because of the weather, but after those problems subsided I believe mine #1 actually made money.  As NAG has said, it was a learning experience.  How much money?  I have not clue but in time we will all know.

[in2itiv]

I also had a conversation with an individual that mentioned it was profitable.

[Durkastan]

I think blue gem is going for around $150 now (likely more) ... let's say they profit $100 per ton (which is very likely if their costs remain let's say $50 per ton to mine) ... 100 X 30,000 = 3,000, 000 a month X 12 = 36 million profit just on one mine alone!!  At 10X net earning divided by 180,000,000 shares = $2.00 per share!!  That's just from 1 mine!!  That's my

[mactiger]

Wow! Those were pretty impressive mental excersises by you and Saturn. As the valuations you came up with... The only thing to add is that it looks more like pure accounting. Two more factors that will be in play are future growth potential (i.e. the embedded option of having mine #4, #5, etc starting production over the next few years) and the sentiment.

[goldengirl20]

Alos the biggest part of the whole equation being a penny stock is the PROMO JOB done , these companies are a dime a dozen still need to make the world aware of the good ones, so lets concentrate on this gem Charles and put your others on the bcakburner.

[mactiger]

Agree goldengirl, though promo is not a factor in valuation, but rather a means of influencing sentiment and enhancing the SP.

[Durkastan]

As the valuations you came up with... The only thing to add is that it looks more like pure accounting. Two more factors that will be in play are future growth potential (i.e. the embedded option of having mine #4, #5, etc starting production over the next few years) and the sentiment. With all due respect... they are not pure accounting. :) This is how company valuation is done. In fact, the

[mactiger]

If the mines #4, #5, and so on were 'guaranteed' as you said, there would cease to be any embedded option at all. :))))Beacuse the market would, with varying degree of precision, incorporate those facts into current valuation. Whether or not the SP will reflect that would depend on sentiment. And the SP for me is more important than book values or some 'calculated worth'.The

[Saturn4]

I'd be happy with your valuation too, Durkastan.  Of course, everything is just pie in the sky right now ... what the market does, the market does ... if enough interest is generated be may be s/p much higher (or lower if markets decline as in 2008) ... I remember GXS going from .18 to $20 ... now is less than a buck!!  Only time will tell ....Let's see how many actual mines NAG