OTCPK:LYDIF - Post by User
Post by
Chileanmafiaon Apr 26, 2020 12:36pm
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Post# 30954846
Strong Trade Winds - POG June 2018 to Now
Strong Trade Winds - POG June 2018 to NowThere are likely two factors that can save shareholders at this point - first is the COVID-19 which has seriously impacted Armenia's economy and has prevented people from gathering on mass - due to the spread of the virus. COV-19 has seriously weakened the economy means that the government will be in serious need of resources - thus the mine is a tool to bring in badly needed resources.
Second - the POG - which was around $1240 USD per ounce is not hovering around $ 1740 USD per ounce (see chart - https://goldprice.org/gold-price-charts/10-year-gold-price-history-in-us-dollars-per-ounce). That means if the mine was in production and based on the estimates of an AISC of $ 700.00 an ounce - thay would mean the mine could generate $ 250 million in profit based on the current gold price. The current POG gives management a serious position to work from in potentially striking a deal with groups that are interested in this project who have the resources and time required to complete this project.
April 30th is rapdily approaching so it will be interesting to see what management will do to save and perhaps restore some value to shareholders.