TSX:LSG.DB - Post by User
Post by
goldhappyon Mar 21, 2014 1:51pm
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Post# 22352571
Think Future
Think FutureWe all feel pain when a stock pulls back. Again Tony adjusted the grades to "Improve" what he mines from the resource and reserves. Look 5 years out at 50 million profit each year. That more than pays down the debt with cash to invest. So in less than 5 years ...perhaps sooner than 3 years most all debt will be covered. If you listened Tony said there is a lot of drilling potential close at hand. The good feeling is some of it likely contains minable ore at current gold prices. If gold increases so does the resource. So does the profit. Yes gold can pull back. That encourages buying and up goes demand and sooner or later the POG. This little blip is nothing to worry about IMHO. Add to that the likelyhood of Tony expanding the mining that feeds our mill. More Profit.