GREY:NDXFF - Post Discussion
Post by
cleverrox on Apr 05, 2012 12:51pm
Info from Investor Relations
Do you have answers to the following questions?
1) How much will a 250 ton per hour wash plant cost for NovaDX to buy?
2) How long will it take NovaDX to implement said wash plant?
3) In what Q is Rex expected to reach commercial production?
To answer your questions,
1) The cost of the wash plant for Rex is budgeted at roughly $3 -4M (Rosa ended up costing under $3M – it is the same size as Rex)
2) Once the final permits are received Novadx will begin breaking ground and it should be a 3 month build
3) We expect the wash plant to be operational in Q3. It will take roughly a month from commencing initial production to ramp up to full commercial production.
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