GREY:STTYF - Post by User
Comment by
staolinon Jan 23, 2012 10:11am
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Post# 19435493
RE: RE: RE: RE: RE: SND's New Presentation
RE: RE: RE: RE: RE: SND's New Presentation Novadx now producing 130,000 ton/yr with contracts set for 170$/t+. Sandstorm pulls off 25% of that at 75$. Novadx reported last week that SND received their payment of 300k+ for the first month of production.
Basically it's 32,500t/yr for SND and they make a profit of about 100$/t. NDX has commitments for payments of 3M$ this year. Mid year ndx's second mine (Rex) is set for production at 240,000t/yr. Afterwards SND is pulling off something like 16% of production for life of mine.