OTCPK:LYDIF - Post by User
Post by
templetoothon Dec 08, 2017 1:31pm
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From Scotia mining conferece earlier this week
From Scotia mining conferece earlier this week
Earthworks largely completed, concrete works currently being poured, conveyor material is on site and being placed and set over the next few months. First gold pour Q3 2018. Winter is the biggest remaining risk but 30 days of complete downtime has beem factored in the schedule.
Using .75X NAVPS, target price is 95 cents per share.
Hmmm. I would have hoped for quicker progress, especially re "concrete currently being poured", but these construction projects, and everything else in the stock market always take longer than you'd think. Good to hear about 30 day dead time allowance, that's new. Last summer Scotia was predicting 2018 production of 169,000 oz and 10 cents (US) cash flow. That strikes me as very optimistic but what do I know?