Lydian International Ltd T.LYD

RE:RE:RE:Imminent TO target?

[crystalmethod]

rozelli wrote: "Armenia wants this Amulsar deposits goods........."

Not sure if it would be even possible for Armenia to expropriate Amulsar outright as you say Rozelli - but I know's how's ya feel, that 'once burned twice shy' kinda feeling.

The thing that sets deposits like Amulsar apart from the rest - these deeply oxidised, high sulphidation type deposits - is that they display economics unlike any other gold deposit. NEM's Yanacocha mine (and ABX's Pierina mine) are good examples. Also, it would appear that Amulsar's exploration upside is huge - LYD could potentially more than double the current resource - the hydrothermal footprint at Amulsar is considerably larger than the current area drilled.

Political risk aside, a modest Capex and some of the lowest projected all-in cash costs in this ever shrinking industry make us a sitting duck. I think Clive salivates thinking what Amulsar could do for BTO's cash-cost / production profile.......salivates indeed!