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Bullboard - Stock Discussion Forum North American Gem Inc V.NAG

TSXV:NAG - Post Discussion

North American Gem Inc > Don't See Soldout I See JV
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Post by donat50 on Oct 24, 2011 2:58pm

Don't See Soldout I See JV

This means someone else will process the property at no expense to NAG .That is a lot better then what was going on .Could grow into something down the road .
Comment by shellfish1 on Oct 25, 2011 12:52am
It is true that someone else will process the property at no expense to NAG. But once someone else has spent the amount of money, the property will be taken away from NAG. With the $3.5 m already spent on at LL by NAG, a 20% leftover and no NSR, there won't be much benefit for NAG from the joint venture in the foreseen future.Someone on the board estimated last year that LL might be worth ...more  
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