OTCPK:LYDIF - Post by User
Comment by
humblebayon Dec 02, 2015 11:29am
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Post# 24346545
RE:I get > 600 mill shares including existing shares.
RE:I get > 600 mill shares including existing shares.the equity financing term is an uncertainty for now. I wouldn't worry too much since Romarco had over 1.25 billion shareout standing and Ocean paid 856 million for it.
Romarco's Halie is a very comparable projects:
Capex Hailie: 333m Amulsar: 370m
NPV Hailie: 329m (au 1250) Amulsar: 450m (au 1250) 338m (au 1150)
recoverable gold: Hailie 1.6m oz Amulsar: 2.1m oz.
take over deal : 856m. market cap: 50m. will be 130m after the financing.
let's assume some major gold producers think these two projects similar value, according to our calculation Amulsar is much better from economical side. better NPV better IRR. Lyd should be worth around 2 dollars if they get all the financing and permits and start to construction.