TSX:LSG.DB - Post by User
Comment by
bossuon Sep 11, 2015 12:11pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
222 Views
Post# 24096464
RE:RE:RE:What's coming up
RE:RE:RE:What's coming upPlain and simple :to increase mill capacity they need to increase proven resources.
Milling at 3400 t/d means a production of 1,200,000 tons annually.
Milling at 5500 t/d means a production of 2,000 000 tons annually
So they have at Bell Creek and Timmins West 5,483 ,000 tons at 4,4 gr/t in the probable reserves category as of Dec 2014and more than double that amoint in the ''measured and & indicated ''category or 9,400,000 tons at Bell Creek and Timmins West.
It is obvious thet they need at least to double the proven resources to justify an increase in the mill capacity event if it is a '' modest'' investment.
This is why the result of the actual drilling program at 144 Zone is so important to justify an increase in the mill capacity.Of course Temex acquisition will help in calculation of the total ''possible''reserves but lots of works has to be maid and we will have to continue to be patient hoping that the gold price stays at the actual level or better.
We have to be ''true believers''in the story.