3000 tpd + The mill expansion will increase about 30% in 2013...I would guess early to mid part of 2013 based on Tony's first estimate being late 2012. That will bring us up to 130,000 oz.
Perhaps LSG will add the expansion to 5000 tpd. Talk is quiet about the mill parts. This expansion to 5000 tpd was suppose to be fairly quick. Some of the preparation to 5000 is currently constructed ??? The reason I think like this is the goal of 160,000 oz in late 2014 will require increased gold milling. Unless LSG high grades the mine the mill requires expansion to 5000 tpd. I think it quite reasonable we will hit 160,000 oz. forecast in about 2014.
At $1000 per oz cash after production costs LSG will be in the 160 million dollar range enabling debt repayment and mill growth plus exploration.
The first bit of income has started and appears very sustainable. As this cash income grows so will the popularity of LSG. Gold shows no signs of weakness. If the price of gold grows, LSG is ready to cash in big time.
Imagine if gold doubles in price.When looking at inflation rates gold could lead us past $3000 per oz. Imagine the wealth generation with $160 million doubled. The mill expansion or even a new mill would be constructed for the Bell Mine further increasing wealth. Pessimist writers can get away with their thoughts right now. Yes a day trader will be in the house of pain. Look at the potential of this stock a few years out. That is where the big income lies.