TSX:LSG.DB - Post by User
Post by
goldhappyon Jul 16, 2014 10:55am
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Post# 22750612
LSG
LSG It looks like most everyone is happy with the way LSG is producing. The exploration is likely in full swing. We are coming into the gold season gracefully. If LSG can catch a gain on the price of gold the debt will be paid down in a much shorter space of time. Lets not forget the 20 to 40 million required to bring the mill up to 5500 tpd. This is very near at hand. It will be a very significant increase in gold production for LSG. Perhaps LSG may offset the extra tonnage with some slightly lower value gold. That's okay because blending some lower grade will add longevity to the operation. It means we should still expect more gold and even higher share prices. What a quiet trade this morning.