TSX:LSG.DB - Post by User
Comment by
goldhappyon Dec 29, 2012 9:50pm
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Post# 20781271
RE: Pumping from $4 to 72 cents
RE: Pumping from $4 to 72 cents Yoda2...Not even the smallest chance of not praising what I see as good. If one understands what is going on it is an easy ride. The minerals have been found. The minerals need a processing plant. It cost a pile of money and time. LSG stock price will soon rise from the ashes. A lot has happened from the original exploration ,shaft planning ,development and mining of the Timmins West . First major delay was the change to go after Thunder Creek. This will play out as a very good move...a giant project from purchasing more ground to finding a whole lot more resource. The entire project was a fast paced,capital intensive and time consuming. It may have fogged the glasses of the analysts but not mine. Sure the long time line and deep cut in the share price has hurt. Tony has been doing a very good job. Once the cash begins rolling back he will be the shareholders hero. The market wants to see the cash. The market will see plenty of cash in the next year and a bit. Once the exploration gets under full swing the expansion will continue. The ore bodies are all open ended. Indicates a very large resource is waiting to be defined. Lets not forget Tony pulled this off during a major recession that still dogs the world.