NDX is in good shape, etc.The Ikerd mine would have been only 4% of production (and more of that in reserves). In the overall scheme of things, though, it's not a big part of the picture - and it wasn't in production. IMHO, more focus will now go on the Rex Mine and the Rosa Mine. IMHO, full production at the Rosa, a second auger and a finished wash plant are coming down the pipe. As well, I am told they have stockpiled 25000 tons.
Very importantly, my DD tells me that Sandstorm and their money aren't going anywhere.
So, as the above shows, it's not a surprise to me that the NDX SP has come back somewhat today. But, as my previous posts of today show, I have little confidence in Neil MacDonald, as this is a guy who never plays well with others....IMHO. I do think on the basis of assets, the NDX SP should be higher, but Neil and deal fatigue have contributed to a huge massive shelf of sellers blocking a large upward move. IMHO, had Neil played nice with the OP boys, his SP would be much higher. But, IMHO, I will benefit hugely when ALYI (who OP is very big on) soars.
Cheers.
Jim