NovaDx NDX.v C$.36
Posted: Friday May 7 11:11:56AM 2010
http://www.b-tv.com/i/videos/NovadxMay10.wmv Novadx was featured on btv paid infomercial. They are in production and coal market is hot right now.
Posted: Tuesday Apr 20 10:11:46PM 2010
I forgot to layout the business case for NovaDx. The Rosa coal project is in Alabama. This is a former mine which has reserves that would last 4.5years at the planned mining rate of 150,000tons per year. The met coal could be sold at around $150/ton to local users. The cost to produce once the mine is in full commercial production is around $60-65/ton so profits would be $85 to 90/ton. Cashflow should be around $1 million per month with one auger machine. Company is hoping to secure additional reserves and bring in more machinery to up production but they have to prove that they can operate one profitably first. Met coal looks like it could move up even more as China remains an aggressive buyer worldwide. NovaDx is a microcap way to play the met coal trends. Bobwins