MCoal FactSheet
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Transcript of MCoal FactSheet
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FACTSHEETONFIDENTIAL NOT FOR PUBLIC
DISCLOSURE
Producing High Value Specialty CoTSX-V : NDX
A N O V A D X C O M P A N Y
MCoal Corporation is a Nevada based, wholly-owned subsidiary of Novadx Ventures
(TSX-V: NDX / OTC: NDXFF) focused on acquiring and operating high-value, specia
projects in the Appalachian coal district of the United States. MCoal recently comm
production at the Rosa Mine, a metallurgical coal mine located in Alabama currently
metallurgical coal at US$150 per ton.
Further acquisitions planned by MCoal include the operating Flatwoods Mine loc
Kentucky, currently producing 23,000 ton per month of a high quality stoker coal sellin
average price of US$89 per ton, the fully permitted and bonded Rex No. 1 Mine loc
Tennessee with 32.2 million tons1
of measured and indicated and 27.6 million tons1
of
resources of a coal suitable for the silicon metal market and, the Dade Project loc
Georgia with historic estimates of 172M tons1
of coalin place. By consolidating
acquisitions MCoals nearterm goals are to:
Increase Production of specialty coal products from an
expected 175,000 tons in 2010 to 800,000 tons in 2011
and 1,000,000 tons in 2012;
Increase revenue from an expected $17 million in 2010
to $100 million in 2011 and $143 million in 2012; and
Prove up 100 million tons of NI 43-101 compliant
specialty coal resources by the end of 2011.
Continue evaluating and acting upon a pipeline of
additional high quality coal acquisition opportunities
that complement the current portfolio of projects
Footnote 1 : Unless indicated otherwise, no work has been done to classify the coal resources mentioned
fact sheet as a current resource estimate as defined in section 1.2 and section 1.3 of NI 43-101 and is treate
estimate only and therefore cannot be relied upon.
ORPORATE INFORMATION
hare InformationSX Venture: NDX
tal Outstanding: 53 million shares
lly Diluted: 71 million shares
nancial Year End: June 30th
rectors and Officers
hairman: Stephen J. Wilkinson
esident/CEO: Neil MacDonald
FO: Valerie Helsing, CMA, BC
P, Operations: Rowena Everett
rector: Kenneth Yurichuk
rector: John King Burnsrector: Scott Ackerman
rector: Jeff Durno
rector: Sargent H. Berner
wyers: Anfield Sujir Kennedy &
Durno
ansfer Agent: Computershare Trust
Company of Canada
ditors : Devisser Gray LLP
ONTACT INFORMATION
avin McMillan
orporate Development / Communications
ovadx Ventures Corporation
0 West Georgia Street,
ite 450 P.O. Box 11599
ncouver, BC, Canada, V6B 4N8
l: +1 604 633 2776 Ext. 30
x: +1 604 683 6564
eb: www.novadx.commail: [email protected]
http://www.novadx.com/http://www.novadx.com/mailto:[email protected]:[email protected]:[email protected]://www.novadx.com/ -
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FACTSHEETONFIDENTIAL NOT FOR PUBLIC
DISCLOSURE
Producing High Value Specialty CoTSX-V : NDX
A N O V A D X C O M P A N Y
Rosa Mine (Alabama) wholly-owned producing mine
commenced surface production of metallurgical coal in April 19, 2010.
652,000 tons of proven 43-101 compliant rese rves wi th an estimated 8.2 million tons1
in place. Strong local demand by local customers in the coking coal and activated carbon busine
currently buying at an average price of US$150 per ton.
expanding production from 45,000 tons in 2010 to 140,000 tons in 2011 and 300,000
2012.
constructing onsite coal processing facility to increase quality control and reduce prod
costs.
Rex No. 1 Mine (Tennessee) LOI signed with Tiamce LLC
full y permitted and bonded underground coal mine ready to commence production of
quality coal primarily for the silicon metal industry.
Silicon metal coal typicall y sells at $140 per ton
32.2 million tons1
measured and indicated and 27.6 million tons1
inferred resources in
commencing production in January, 2011.
expanding production from 300,000 tons in 2011 to 500,000 tons in 2012.
Flatwoods Mine (Kentucky)LOIs signed with Ikerd group of companies
turnkey coal mine, producing and selling 23,000 tons month of high quality industrial s
coal at an average selling price of US$80 per ton.
3.35 million tons1
of permitted reserves plus an additional 3.78 million tons1
of lease
controlled reserves in place with ongoing leasing of additional reserves.
less than 8:1 strip ration with low mining costs
expanding production from 300,000 tons in 2010 to 420,000 tons in 2011.
includes three additional permitted and bonded coal mines with an aggregate 3.5 mill
tons1
in place.
Dade County (Georgia) Optioned mineral rights
historical resource of 172 million tons1 of metallurgical and thermal coal in coal four se
negotiating 18 month option to acquire mineral rights fo r $US5 million payable as to $
million in cash and the balance in sha res at the current share price when the option is
exercised.
exploration and delineation of 43-101 mineral resource by end of 2011.
PROPOSED FINANCING: Use of Proceeds
Description Cash
Acquisition of Ikerd mining asse ts $16,000,000
Acquisition of Tiacme LLC (Rex No. 1 Mine) $2,500,000
Rex No. 1 Mine development and start-up $10,000,000
Dade Project option $75,000Exploration of Dade Project $1,000,000
Rosa Wash Plan t $3,000,000
Sub total $32,575,000
Working Capital $7,425,000
Total Funding Requirements $40,000,000
CHARTS
Scotia bank Forecast
Patricia Mohr, June 2010
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2010(6 months)
2011 2012 2013
Million
s
MCoal Pro forma
Financial Performance
Revenue EBITDA
Net Income
