TSX:LSG.DB - Post by User
Comment by
BREAKtheCOMEXon Jan 06, 2015 11:10am
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Post# 23289533
RE:RE:RE:Preliminary yearly operational report
RE:RE:RE:Preliminary yearly operational reportWhen important news such as drill results are seen as delayed there is a perception of poor results and a corresponding share price impact. But when the news does come, and if it is good, stay put for a significant rise, (also pending the direction of gold prices).
I agree that LSG has been deleteriously affected by curtailing drilling in the past, but now that costs are under control they can ramp up the drills and get the resource base growing. The thing about underground mines is that they tend to drill enough to maintain their reserves. LSG could continue to maintain their current resources for the next 20+ years. If they really want share prices to rise they will be agressive with drilling and prove-up the resource base. It also great to see them paying down the debt.