Lyxr $ Frn Discussion Threads

[holism] 25/4/2011 06:29

snickerdog- interesting you should mention OYM, a very good friend of mine asked me to have a look over the weekend. There are some recent write ups implying they are out of the woods now with exciting Malaysian opportunities. Decent production forecasts. Worth a look, quoted in Canada and on ASX.

[snickerdog] 25/4/2011 01:45

Matty, the first time I have come across your thread, wondering if you have a view on OYM and WzR ?

[mattybuoy] 24/4/2011 22:56

You have to love the MSM.

From CNBC, the understatement of the century -



"Could" ...

Meanwhile, as I type gold = $1,511 & silver = $47.50

Not sure if Toronto is open tomorrow but if it is I might just have to buy some Pretium and Teuton :-)

[mattybuoy] 24/4/2011 18:47

I forgot to mention.

Pretium has warrants (PVG.WT) - exercise $12.50 expiry 8th April 2012

They're liquid, and currently trading at around $1.20

There's not much time value, but if for example PVG were to spike to say $20 at some point over the next year the warrants ought to five bag based on intrinsic value alone.

There's 60,000m of drilling on the high-grade zones starting in May, and a few more holes like the earlier 1.5m x 16,949 g/t Au might do the trick ...

Note: Pretium is apparently Casey's stock of the year. I wouldn't be surprised to see other newsletters pumping it either.

[mattybuoy] 23/4/2011 12:12

Thanks for that. I like it.

Astonishing land package. 1,100 sq miles ...

[drdre] 20/4/2011 21:55

If you have an interest in Pretium, you should also take a look at Teuton (TUO) which owns a number of land packages around the Golden Triangle. Micro Cap but with decent management and a number of good properties.

DR

[mattybuoy] 17/4/2011 21:11

I just noticed. Silver Standard has IPOed it's Snowfield and Brucejack properties into a company called Pretium Resources.

Pretivm's objective is to become a leading gold exploration and development company, with a focus on its 100%-owned Snowfield and Brucejack projects located 65km north of the town of Stewart in northern British Columbia. These adjacent projects host a combined total gold resource which is among the largest in North America, containing combined measured and indicated resources totaling 34.1 million ounces of gold and 191.9 million ounces of silver and inferred resources of 21.7 million ounces of gold and 202.2 million ounces of silver (at a cutoff grade of 0.30 grams of gold-equivalent per tonne), as well as copper, molybdenum and rhenium mineralization.

That's 55m oz of gold, and there's a 60,000m drilling programme this year which might add more. There's also 4 billion pounds of copper in there.

The market cap is $890m, and Silver Standard still owns 42%

[andy] 15/4/2011 07:34

LM,

Thanks for posting that, for anyone knowing some of the people involved will find that of great interest!

[bonanza grades] 14/4/2011 20:56

Mark,

I know you have previous with this so would appreciate your view but check URU thread please.

Matty,

not sure if you are into Uranium right now but looks like an interesting South American uranium play could be listing in Canada in the near future. URU thread has details.

[mattybuoy] 14/4/2011 20:37

Am I right in thinking that it's over 3bn boe P90? I'm still a numpty interpreting oil numbers.

[marben100] 14/4/2011 20:24

Mr Market doesn't seem to like Niko's initial prospective resource estimates for the first 3 Indonesian blocks. Can't see too much wrong with them, myself. Any thoughts?

Cheers,

Mark

[mattybuoy] 14/4/2011 13:15

Can you not copy and paste please? A precis and link will do just fine.

Thank you.

[mattybuoy] 11/4/2011 13:55

O/T

Shock horror - Mattybuoy covers an AIM stock! ;-)

Powerhouse Energy reversing into Bidtimes. Old ticker BDT, new ticker PHE.

This is a above-ground coal gasification company which Linc Energy has bought into. Looks like very interesting "emissions free" tech.

It's really an American outfit.

Embryonic thread here -

[mattybuoy] 08/4/2011 11:22

Note:-

After a reverse stock split (and many other doings) Serabi Mining has listed on the TSX big board, and has some nice warrants.

TSE:SBI
TSE:SBI.WT

It most recently traded at 55c, so with 63m FD shares out that gives a market cap of $35m or so.

I can see that gradually moving up to at least $100m simply based on the existing Resources and moth-balled mine facilities. There is already some posting on Stockhouse, which is quite unusual for a new arrival from AIM.

[liquid millionaire] 06/4/2011 11:50

LYD



TSX listed LYD [ISAble]



CEOHunter - 6 Apr'11 - 12:18 - 218 of 218


Presentation from last night's Proactive event:

[liquid millionaire] 05/4/2011 12:33

TSE: LYD [ISAble]



News Release


FOR IMMEDIATE RELEASE Toronto Stock Exchange: LYD


LYDIAN REPORTS RESOURCE UPDATE OF 2.5 MILLION OUNCES GOLD AT ITS AMULSAR PROJECT; ARMENIA

CIM compliant resource estimate of 1.1 million ounces in Indicated and 1.4 million ounces in Inferred categories

TORONTO, Ontario, April 05, 2011 - Lydian International Ltd. (TSX: LYD) ("Lydian" or "the Company"), a gold-focused mineral exploration and development company, today announced an updated resource estimate for its Amulsar gold project in Armenia. Amulsar is a high-sulfidation style gold project discovered by Lydian geologists in 2006. The updated resource comprises 32.4 Mt at 1.1 g/t Au (1.1 million ounces) of Indicated Category resources and 48.3 Mt at 0.9 g/t Au (1.4 million ounces) of Inferred Category resources (see Table 1). Galen White, Principal Geologist of CSA Global prepared the mineral resource estimate in accordance with CIM guidelines.

This most recent resource estimate is developed from an additional 24,000 meters of drilling (for a total of 46,000 meters) which has significantly enhanced the Company's understanding of the geological controls at the Amulsar gold project. Closer spaced and better directed resource drilling at Amulsar has revealed that generally higher-grade, sub-vertical faults, fractures and breccia-veins ("feeders") are more extensive than previously thought and in terms of total contained ounces tend to dominate over lower-grade, shallow-dipping strata-bound style gold mineralization. Strata-bound style mineralization hosts the bulk of the contained tonnage at Amulsar and is controlled primarily by sub-horizontal breccia bodies, contacts with intrusive sills and other stratigraphic contacts.

This resource update comprises a total of 2.0 million ounces gold from the contiguous Tigranes and Artavasdes areas and the first estimate of 0.5 million ounces in Inferred category resources from the Erato prospect which is located approximately 900 meters to the north of Tigranes-Artavasdes (see Table 2).



"This new resource update is a consequence of our significantly evolved understanding of the geological controls at the Amulsar project" said Tim Coughlin, Lydian's President and CEO. "Infill and resource extension drilling comprised approximately 75% of the total meters drilled at Amulsar last year and resulted in the identification and delineation of a network of higher grade fault-controlled breccia-vein or "feeder" type structures which extend from surface for at-least 150 vertical meters and so-far remain open at depth. The resource remains open in all directions and this enhanced understanding means that areas inwhich new ounces can be found are obvious, as either lateral or vertical extensions of currently outlined faults, fractures or breccia-veins. We plan to drill a further 30,000 meters at Amulsar this year in a combination of resource upgrade, extension and exploratory drilling. Weather permitting we are hoping to commence drilling in May and no-doubt we are in for another exciting year at Amulsar"




About Lydian International
Lydian is a gold-focused mineral exploration and development company with expertise employing "first mover" strategies in emerging exploration environments. Currently Lydian is focused on Eastern Europe and on developing its flagship Amulsar gold project in Armenia. The Amulsar group of licenses is wholly owned by Lydian's Armenian subsidiary (Geoteam CJSC). Lydian also has a pipeline of promising early-stage gold and base metal exploration projects in the Caucasus regions.

Lydian's management team has a track record of success in grassroots discovery, in acquiring and developing undervalued assets, and in building companies. Lydian has a strong social agenda and a unique understanding of the complex social and political issues that characterize emerging environments. The Company's significant shareholders are the International Finance Corporation (IFC), a member of the World Bank Group, Newmont Mineral Holdings B.V. (owned by Newmont Mining Corporation), and the European Bank for Reconstruction and Development (EBRD). More information can be found on Lydian's web site at www.lydianinternational.co.uk.

Christopher John Bargmann, FGS(C Geol), MAusIMM, Pr.Sci.Nat; is the Qualified Person overseeing Lydian's exploration programs. Mr. Bargmann has supervised the preparation of the technical information contained in this press release.

Lydian employees are instructed to follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting standards. All assay work for the released results was carried out by ALS Chemex analytical laboratory in Rosia Montana, Romania. More information can be found on Lydian's web site at www.lydianinternational.co.uk.

[andy] 25/3/2011 10:34

That's areally interesting website, thanks.

I see they share my fears about the Japanese nuclear problem...........

[mattybuoy] 24/3/2011 20:30

General reading:-

The below is a very good site, I only recently discovered it.



They really tell it like it is ...

[mattybuoy] 24/3/2011 20:28

Silver Wheaton, what a beauty ...



That's $10bn of market cap added in a year.

[jonno1] 15/3/2011 16:46

Wow CNI...if only I had bought a shed load of these and sold everything else!

[wolterix] 10/3/2011 14:48

hempcrete too....

[mattybuoy] 07/3/2011 17:19

I'll mention this one again ...

If you want a premier North American coal/CTL play FNR is the kiddie. It looks like they have boatloads of the stuff in Sask and Manitoba and what looks like the right technology partner in Quantex with their coal to bitumen direct liquefaction process.

That's only one of the pies they're involved with too. There's stupendous long-term value in the company, all available at a discounted price and with dividends starting soon from oil production.