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

RE:RE:RE:RE:RE:Sign me up

[bigdaddycash]

correct.  I did not factor this in.  A WAG calc at 200K oz/yr and at current spot gold and cost per oz (net return $700-800 /oz) I calc the NPV of this to be 35 to 50 MM (hit to enterpise value) and WACC of 7-10%, e.g. reduce the price acquiring enity would be willing to pay by 35 to 50  MM.  IMO, very rough calc.  cost approx. 0.07 -  0.10 /share (to current shareholders).  not insignificant.  so unless we see AU rise some then I would say $1.50/shr is top end any acquirer could pay given current mkt parameters.  even this may be too rich.  

gltals.