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

RE:RE:RE:RE:RE:What's coming up

[goldhappy]

Another good question cre8value. My 2 cents figures Tony has his plate full right now. The POG is so very low...near cost or even lower for some miners. When you spend $ ...it's gone. Tony is keeping LSG strong with cash. It might get worse before it gets better. Drain $40 million on capital at a time when gold price is pressing even lower is high risk. Producing more gold at a low price period is like running faster on a tread mill going no where. As the resource gets even larger from exploration and aqusitions all the will be required is for the price to rise. In the lower risk environment knowing the POG has firmed up then spend to build as the returns will be higher. Don't forget machinery and equipment depreciate and require maintenance. More production, more cost, more work, low profit makes no scence to expand right now. Keep it neat and tidy and be satisfied with the current profit lower risk status. Grow through exploration. Exploration is affordable with great returns for those that succeed. The returns will come via buy out or increased production when all the ducks are lined up.