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

RE:RE:RE:RE:CIBC raises target

[goldhappy]

Mary and Geoff....I' m working off the top of my head a bit...Lsg has around 70 million dollars and earning about $8 million per month....6 months out perhaps $48 million for a total of $118...maybe it will be fall time when LSG has the cash in hand to pay all the debt.
   A mill expansion to 5500 tpd will cost $20 to $40 million and were told it wont take many months to complete...maybe 6 on the high side?
   The new mill needs feed. If they sink a deeper shaft at Bell Mine it will take a year and money. I look at the 144 project as good potential new feed for this mill expansion. Maybe the grade will be higher producing as good or more cash than current ore bodies.
    If on the high side LSG can double the free cash flow in 2-3 years were in the $200 million dollar range say 40 cents per share. I just can't see this stock sitting under 2 bucks much longer. You can be sure the board is looking to maximize profits and will have some welcome news as time passes.
   The large amount of exploration drilling is likely to find some high grade gold with easy access further pushing the earnings potential. All I see is growth. Yes for sure if the POG cooperates it will also help a lot. All this for a buck and a dime...the company is on a 50% sale right now. Anyone holding 100,000 shares with 40 cent earnings will have a handsom payday down the road.