Lessee, if I remember correctly, adamantite is considered rare, and other than the deep veins that usually only dwarves find and mine, most of it comes from the skies. At least, in a Forgotten Realms setting.
There is another setting (Thunderhead Games?) that has a city sitting on a huge mine of the stuff, and the government keeps a close watch on it. Can't think of what the setting is called though, sorry.
Anyway. I would say output would be minimal, with a lot of work, since it is a hard, rare metal. Most likely wear out tools rapidly. I don't have any of my books on hand, but I would say gross income would be considerable, but the overhead would eat up profit. Once they get enough of the metal to make tools of the stuff, then the profit would increase.

Add the ability for PCs to shape rock/metal, and disintegrate non-ore stone, and other magical helps, the profits would increase more.
Good luck, and I hope other posters are more helpful than I!
