TSX:LSG.DB - Post by User
Comment by
goldhappyon Nov 05, 2014 5:03pm
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RE:RE:RE:RE:RE:Very good month looks like 16,800 onces
RE:RE:RE:RE:RE:Very good month looks like 16,800 oncesLSG must continue to meet obligations...ie: debt for sure. Problems begin when you over produce in a low return environment. It cost big bucks to find gold. It cost big bucks to mine gold. Right now it appears to me the rule of supply and demand is out of wack. Mines can sell all their gold from what I read. Might I say there is a shortage of gold?? All you get after all this risk is a very small percentage. I know LSG is showing best of bread with costs.It should be a bonnaza of profit for all their good work. Many have all in costs much higher than LSG. Should they produce more and deplete their resource without financial rewards for the owners???I think not. A bottle of pop costs pennies to fill and sells for a buck..even all costs in that dollar sale makes wildly over 100% return. If LSG mines more than required I agree with you geoffs we pay down debt; more exploration ; I think LSG might do us some good by holding some excess gold for as long as possible or the price rises enough for decent returns. That might also apply to other mining companies. If someone bids a fair price for the stored gold bars then release some for more investment or profit to the shareholder. I'm sure Tony has had such discussions with the board.