RE: RE: Writeup on Sandstorm with a NovaDX bit wow and an independent article outlining the potentail value of NDX , and Kin moves 1000 shares today.
nitial Production come 2013 should approach an initial run-rate of 125m tons a year or ~ $14.3m in profit to SND’s bottom line (500m tons * .25 = 125m tons to SND or ~$14.3m in annualized gross profit assuming a 2013/14 price of $190 per ton. And as I’ve outlined above, this annual run-rate of ~$14.3m in gross profit could easily double as NovaDx’s management continues to tackle the abundance of low hanging fruit on its properties in the fullness of time.
Last but not least, the Rex No. 1 mine possesses the potential to be a low-costmid tier silicon based coal producer for the next several decades and is hence a scarce, hugely valuable high quality coal asset given its low cost operations, consistent regional geology, long-term contracts and huge 2P reserve value, not to mention in place infrastructure and access to ports.
So while I put together an overview of the next significant stream that SND investors are currently getting for free, let me ask, what’s not to love here?