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Novadx Ventures Corp NDXFF

"NovaDx Ventures Corp is a mining company engaged in the exploration, development and recovery of coal. The company's operations are principally directed towards the Rex No."


GREY:NDXFF - Post by User

Comment by staolinon Mar 01, 2012 10:06am
152 Views
Post# 19610265

RE: profit sheet needed here for interest

RE: profit sheet needed here for interest

In a way I think the announcement that Rosa is at full production, and that they will only update once a quarter henceforth, created more uncertainty than confidence.

If the data is put out in a MD&A or when financials are released then we might find out the 1Q numbers (jan-mar) only in May. Hard to say. Now if those numbers don't indicate as high of production as expected, possibly because they are still optimizing the 2 auger operation and washplant, then it will be judged using a 2-3 month lag.

Anyways, that's what it does in my mind. It would simply be nice if at the beginning of April they were able to say something like 'a total of 45,000 tons were mined from Jan-Feb, the recovery from the washplant was 87%, the average ash content was 33%, and 26000 tons of cleaned coal were sold @ 170$/ton with a revenue of 4.4 million$'

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