TSX:LSG.DB - Post by User
Post by
goldhappyon Jun 02, 2015 5:15pm
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Post# 23790879
Double or Tripple
Double or Tripple.....In the next couple years. Not a bad return. LSG has almost enough cash and gold to cover the debentures. Not sure if they can buy back more than 10% as someone pointed out a few weeks back. In any case this 144 GAP is going to provide ore feed for a mill expansion to 5500 tpd. LSG has cash in hand for that mill expansion. If not the 144 GAP then Bell Mine can cover the extra tonnage required as mill feed with a bit of shaft deepening. LSG will then hover around 300,000 oz per year a good solid one third gain in ozs and no dept. Lookin' better. Big guys don't want to give up some easy gains.