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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (231285)	9/25/2013 1:02:06 AM
From: dara	Read Replies (1) of 313100

This bit? C: I visited Lydian International Ltd. (LYD:TSX) in Armenia in 2010, just as it started drilling, and bought it then. This is a large, near surface, oxidized, high-sulphidation gold deposit, which means it's a cheap mine to run. Unfortunately, last month, the Armenian government passed regulations making it harder for Lydian to use cyanide to extract the gold. TGR: Is it unusual for a government to come in and restrict the use of cyanide? BC: Particularly in this case. The only way cyanide could possibly enter a drainage tunnel that supposedly poses the problem from Lydian’s planned heap-leach pads would be if you reverse the law of gravity and water started to flow uphill. Last time I checked, and you can ask the people in Colorado, water still ran downhill. Lydian was one of five gold deposits out of 100 that we considered good enough to talk about when we reviewed it in Exploration Insights.

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