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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.


OTCPK:LYDIF - Post by User

Lydian International Ltd
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(2)
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Comment by mewbuddyon Dec 01, 2015 10:36pm
129 Views
Post# 24345307

RE:RE:almost 400 million share dilution there...

RE:RE:almost 400 million share dilution there...it reminds me Romarco. 

as of the dilution, I believe the price will be 35 cents cad. so, 80m / 0.35 = 228m shares. 

RFC will be the controlling shareholder. the total share outstanding will be 228m +190m = 418m.

not bad for a middle size producer. thinking about it, it will be producing 243,000 oz first five years at asic 585 usd. only similar company with similar share structurer and similar annual production is PRU.TO.  if we use their valuation formular it will give us 41 cents per share. but PRU's cost is 1060 per oz, almost 500 hundred higher. 

if everything is ok, I believe someone will take it over before it goes production just as what oceangold did to Romarco.

Bullboard Posts
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