LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

RE:RE:Please help explain!

[Giverbullets]

Thanks!  That helps! 

Ok so the $17.5 depletion is held as a non taxable gain which has to be put back into the company. So stuff like mine upgrades, drilling, etc can be paid with this money which is "off the tax books"......correct?  But this is still earned money.....its just written off to be used as capex.....which, to me is like having money earned in your pocket anyways.  Now, can this money be used for debt repayment?  If not, then why not get moving on mine expansion so that tonnage is doubled next year?  Or do we just bank on refinancing debt as it comes due, now that LSG is cash  positive and has a good credit rating?

Thanks again,

Giver