Value Microcaps Junior Miners

[dr_airtime]

LYD.TO currently +25% - fully financed today

FYI - I'm pumping out what I think are the best junior ideas in the gold sector and they are generally quality names that haven't participated in the rally like all the conventional producers who are all overvalued right now. Here is another one and will have more all week! I am buying all these as I think the gold bull rides and these have little downside when/if the producers correct over the summer. Stay tuned. Have a coffee booked with another junior in Vancouver-mining-town in a few hours.

Lydian finally has all the pieces in place for their Almulsar project with permit, environmetnal approval, and 90% of mine capex financed between equity, warrants, debt and a stream. They only now need to close an equipment finance facility (for haul trucks) but market doesn't care and sees the pieces FINALLY in place after years of waiting and has bid shares up 25% to 0.38. I have orders in at 0.36.

Took a quick look and found one good analyst report with NAV5% on a post-stream, post-debt repayment basis of CAD $0.74 share price. That is at $1150 gold so equivalent NAV might be CAD $0.90 now at $1280 gold which would be a double from here with NAV to go higher of course in a gold bull.

Lydian is bringing into production what analysts are calling a minimum mine life of 14 yrs with 200k+ oz of gold heap-leached per year over that 14 years at average grade of 0.74 g/t at sector-low AISC. Feasibility study is a 10 year mine life with almost 3M oz of gold produced but they have 5M oz M&I so mine will go longer than that. That gives you a long term horizon to hold Lydian for sure!

Market is desperate for names that haven't participated in the rally and that is a huge bull flag on Lydian after a flat share price year-to-date so I'm buying now and will catch up on DD later! There should be some good analyst reports I can post early next week that come out following today's decision.

http://www.lydianinternational.co.uk/news/2016-news/313-