Lydian International Ltd T.LYD

Primary Symbol: LYDIF

Metals & Mining Gold

Lydian International Ltd is a gold focused mineral development corporation engaged in exploring and developing precious metals assets located in Armenia and Georgia. Its main project is Amulsar Gold Project (Amulsar) in Armenia. It owns the Amulsar Project, through its wholly-owned subsidiary Lydian Resources Armenia. Amulsar is a compelling opportunity for a large scale, low cost operation utilizing open pit mining and conventional heap leach processing.

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Lydian International Ltd

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Comment by junior_mineron Aug 13, 2009 11:15am

412 Views

Post# 16215840

RE: Am I Missing Something????

You are missing the fact it's not low grade by any measure for heap leach project. There are tons of quite profitable heap leach deposits with 0.5 g/ton and 60% recoveries. Amulsar grade is 1.0g/t with +90% recoveries and low strip ratio. 1.0g/t is high grade for them. Let alone 2.5 g/t.

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