RE: NDX Mines Disappointed shareholders can be a funny thing. With two mining units at Rex going at 15,000t/mth and the Rosa mine doing 10,000t/mth it seems that, given the conservative numbers used in the resource reports (and adding 20% to the mining costs, even), the company can still pull in a decent net profit after payments to Sandstorm even in the near worst case scenarios.
Generally pie in the sky oversimplified numbers are thrown around here and people focus too much on ideal results. This can result in dissatisfaction. But given the current company valuation it seems a bit unreasonable to be dissatisfied if the company pulls in a net profit of 4-5 million by the end of the year as opposed to whatever unlikely number is hoped for.
The numbers in the resource reports are decently conservative and deal with met coal prices some 25$ lower than the company appears to have contracted for 2012, at least for the Alabama mine. There seems to be a very wide buffer to dampen the problems that arise.
Based on the news releases it appears the washplant is recovering near to the 90% planned recovery. By how much do you think this could be overstated? The company is not completely accurate in its NRs, I've noticed, but by how much do you think the washplant recovery is overstated.
Thanks for adding an informed opinion.