TSX:LSG.DB - Post by User
Comment by
cre8valueon Oct 26, 2015 11:40am
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Post# 24226941
RE:Goldcorp-PJV will NOT buy Lakeshore
RE:Goldcorp-PJV will NOT buy LakeshoreBrahmaViddo wrote: You guys don't understand the disconnect between corporate Goldcorp and the Porcupine Joint Venture (PJV). Corporate Goldcorp purchased Borden Lake; it is 100% not related to PJV operations though the ore will most likely be trucked or transported by rail to the Dome mill. PJV runs the show in Timmins. They haven't spent a penny on exploration this year. Corporate Goldcorp really has no idea what PJV does in Timmins; basically brain dead. Lake shore is not appealing to PJV at all. It lacks reserves mostly and does not have the production level they are looking for. So PJV will never buy LSG.
"it is 100% not related to PJV operations though the ore will most likely be trucked or transported by rail to the Dome mill." Does the Porcupine/Dome mill have excess capacity? If it did don't you think Goldcorp would be operating it beyond the 11,000 TPD to decrease the AISC?
The fact is all that high grade ore has to be processed at a mill. LSG has the mill for the job.
The mill is worth at least $400 million just for Borden Gold ore alone. We won't even talk about the Whitney gold ore,
the 144 gold ore, the Gold River ore, the Halllnor ore, Bell Creek, Timmins Deposit, or Thunder Creek.
Are you getting the picture BrahV?