North American Gem Inc V.NAG

Nags mines

[wallywill]

Hi all I haven't posted in a little while simply because there is nothing new to report.
One thing that we all should consider and hopefully all shareholders should have is known what is NAG's strategy is implementing in Kentucky.
 Some posters seem to be misinformed.
Nag is looking only to acquire mines that have been mined in the past.
They are not venturing into virgin land.  
Here is an exerpt from the Aug 23rd news release and the same statement is in other releases as well:


The North American Gem #2 Mine is a surface mining and augering operation. The main focus of NAG's leasing and permitting strategy is to acquire and develop properties in areas where mining has occurred before the enactment of the Surface Mining Reclamation and Control act of 1977. Mining is more cost effective on previously mined land than in areas that have not been disturbed


Simply put, NAG is hoping by going into previously mined areas because it is faster and cheaper than trying to start up a new mine in "new" areas.
They are hoping to extract any remaining coal that was left behind by the  previous mining companies operations.
 By having multiple small mines operating at the same they hope to generate a profit.
I think the key thought here is multiple mines.
So far it hasn't happened and 1 little mine at a time just won't cut it.

GLTA
Wallywill

[Wolfhunter2]

Your right these guys will never amount to nothing .

[WIDOWMAKER1]

Lets go NAG, get things moving, give us some answers, numbers, $$, weve all been patient, winter coming soon  and will only bring more excuses and problems.IMOA

[SUCYN]

I think financial reports are due out by the end of Nov...NAG is drilling #2 & #3 to extend their life...Bond for #3 has been paid..But IMHO , I don't expect #3 to be producing until Nov.7th..So we wait, but the SP will climb ..again , JMHOSUCYN

[richman99]

You are "bang on". Just stay patient a bit longer.May be worth the wait. MYHO

[stocknup]

Coal stocks are on fire today and NAG....well what is our little "One of North America's Fastest Growing Coal Companies" doing....it's failing in share price with the bid now at 8 1/2 pennies.Charles you are a pathetic loser with no conscience!JMHO