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Valuation commentary from Mining Market Watch Journal

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Luke_McCain   Friday, 05/13/16 05:45:54 AM
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Valuation commentary from Mining Market Watch Journal

Bringing the 2009 estimate of potential quantity into resource will give LAD.V immediate intrinsic value worth several times the current market cap. Shares of LAD.V are poised for upside revaluation as the inherent value and accomplishments are appreciated by the market, and apt to respond in multiples as gold retrenches and strengthens. However the big story is the multi-million ounce potential that the Company will be testing in the upcoming exploration, we anticipate the proving the Company's exploration model will dramatically increase the attractiveness and demand for LAD.V shares.


Recoveries of up to 94.5% possible: Metallurgical test work of core taken from the McMaster Zone (DDH 32-09; 3.96 g/t gold over 27.6 m from 32.4 to 60.0 meters) indicates overall gold recoveries of up to 94.5% possible. Pressure-oxidation and carbon-in-leach has shown recoveries of 96.3% on floatation concentrate. Using floatation, pressure oxidation and cyanidation of the floatation tailings returned overall recoveries of 94.5%.

The tailings impoundment host a homogenous resource that is readily accessible and is actively being marketed for sale to generate capital so Company may advance the Ladner Gold Project without share dilution. 69 holes were drilled into 60% of the tailings establishing a resource of 404,000 tonnes Indicated grading 1.83 g/t (~24,000 contained oz gold) and 84,400 tonnes Inferred grading 1.85 g/t (~5,000 oz gold). Naturally we can logically deduce there is probably ~40,000 ounces since only 60% was drilled. Also we note historical production records show the mine put through ~85,000 ounces of gold material yet only ever sold ~44,000, so that leaves 41,000. LAD.V has several options, however the preferred is to sell the tailings outright to a the 3rd party that will process it, at current gold prices we estimate this should net in excess of $10 million (after capex & opex) over a 4 year timeframe -- a discounted sale price now has the potential to generate between $2 - $3 million to New Carolin Gold Corp.

Complete article at: http://miningmarketwatch.net/lad.htm

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