OTCPK:LYDIF - Post by User
Comment by
flayeron Nov 25, 2012 4:47pm
267 Views
Post# 20641561
RE: Where are those paddles?!!
RE: Where are those paddles?!! a few more touts from the industry......(thinking about adding, but might wait until we detect a pulse first)
Mike Kozak, Cormark Securities (11/21/12) "The 3.2 Moz Amulsar gold project is an at-surface and technically low-risk project with all the hallmarks of an economically robust open-pit, heap-leach operation. The recently completed feasibility derisked the mine plan and initial production is potentially achievable in H1/15; ongoing exploration results, permitting milestones in early 2013 and construction financing will act as catalysts for this undervalued gold project, in our view."
John Hayes, BMO Capital Markets (11/21/12) "Life of mine production at Lydian International Ltd.'s Amulsar could be approximately 2 Moz gold and 3.7 Moz silver at an average total cash cost of US$493/oz gold. Production is forecast to commence in H2/15, averaging ~180 Koz gold over an 11-year mine life. . .BMO Research is initiating coverage of Lydian International Ltd. with an Outperform (Speculative) rating."