North American Gem Inc V.NAG

mine 2 report

[wallywill]

Hi all here is the mine report for Mine 2 as of Feb 9th 2011 from KMMIS
Hopefully the paste will work:

1101-S-001	1/6/2011	861-0513	M3 ENERGY RESOURCES LLC	BOOGER MOUNTAIN	JOHN SISK
1001-S-049	8/5/2010	861-0513	KENTUCKY MINING PARTNERS LLC	JOB 1	GARY WALLS
0586	10/24/2006	861-0443	JAMIESON CONSTRUCTION CO	46 ORR JOB	JAMES JAMIESON
0004	1/20/1998	861-0443	JAMIESON CONSTR CO INC	46 ORR JOB	JAMES JAMIESON
0132	6/24/1997	861-0443	JAMIESON CONSTR CO INC	46 ORR JOB	JAMES JAMIESON

License Number	License Issued	Report Year	Tonnage	Seam Name	Seam Height	Quad Name	Lat	Long
1101-S-001	1/6/2011	0	0	JELLICO	21	HEIDRICK	36° 57' 07"	83° 56' 26"
1001-S-049	8/5/2010	2010	3,890	BLUE GEM	12	HEIDRICK	36° 57' 06"	83° 26' 26"
0586	10/24/2006	2006	0	JELLICO	21	HEIDRICK	36° 57' 79"	83° 56' 26"
0004	1/20/1998	1998	63,332	JELLICO	020	HEIDRICK	36° 56' 59"	83° 56' 51"
0132	6/24/1997	1997	45,588	JELLICO	020	HEIDRICK	36° 56' 59"	83° 56' 51"

[Saturn4]

Can you explain this wallywill?  does that chart say M3 has not mined a single ton as of February 9 or have they not reported it yet?  what's up?

[letsbefriends1]

I would guess that since there's no report year that it just hasn't been reported yet. Just a guess though. Maybe it's an annual measurement?

[shellfish1]

As per previous news release, the management could not wait last time evenif they sold only shovels of coal (this was followed by a pp at 0.12, andfurther reduced pp at 0.08 because no one wanted it). But we all know now thatthe production is premature. August 23,2010: North American Gem Inc.(NAG) (TSX-V symbol: NAG) reports that, further to its news release datedAugust 4th announcing

[actionplanner]

My guess is , they don't have to report the tonnage on a monthly basis. might be annualy or semi annual, whatever, maybe not even till the mine is complete and shut down.Would it make any sense for insiders to issue options @ .11 if there's not a wheel turning? Also I believe they stated in the last nr that coal has been shipped to M3 customers, If that is not true, someone at nag could be

[wallywill]

Hi SaturnYes the report does say 0. According to the Kentucky Bond pool companies will have to report the tonnage recovered on a monthly basis. It may still be a little early before any numbers show up yet but the report shows how much Blue Gem  KMP recovered in Aug 2010.Nothing found yet on mine 3GLTAWallywill