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

Presentation

[stwatcher]

Am I missing something in these numbers? At the high end of the numbers I still see them at a $ 26 mill loss at the end of 2013.

135,000 onces  X $775 net on gold =  104 Mil

130 mil in expenditures - 104 mil = 26 mill loss and liquidity moves to 70 million

What am I missing?

[waltersobchak]

what gold price are you using for those numbers ?

[rusted1]

$1650. gold and $c at par as per lsg they expect to be cash flow+ by that time  

[geoffs13]

AT FACE VALUE YOU ARE CORRECT QUESTION WHAT GRADE ARE THEY USING? WHAT IS THE MILL CAPACITY AND DURATION OF PRODUCTION ? OR ARE THEY ASSUMING THE BEST OF EVERYTHING THEY SHOULD GIVE MORE DETAIL PRESENTATIONS   EVERYTHING THEY PRESENT, MORE QUESTION ARE ASKED WE ALL KNOW TONY DOES NOT MAKE MISTAKES

[BlackYlo]

  I think the answer is in the difference between calculation of "free cash flow" and "net income"   Net income, as you pointed out, will be negative for 2013.   Free cash flow is going to be close. I estimate (-14M to +22.9M). I know, quite a range. Lot's of possibilties with production, down-time, POG, etc etc   Look here for explaination of free cash

[BlackYlo]

I forgot to state more simply, I don't think that financing costs are calculated into free cash flow.

[stockwrestler]

does that mean LSG is worth about -$1/share?   that's a bummer.

[rusted1]

financing and all other cash expenditures are costs deducted from revenue to determine free cash flow sheesh

[rusted1]

c'mon man you know better

[stwatcher]

Thank you Rusted .....I unferstand free cash flow and I also understand profit and loss which for lakeshore seems to be held solely on the backs of shareholders. They will loss money for the foreseeable future and they need to cut exploration and expenses and concentrate on the shareholder..Period!

[rajags]

$1/share looks good to recent investors..  but to long term holders its a kick in the 'you know where'.

[goldhappy]

When you cut off exploration you stagnate future growth. The exploration has already been cut to the bones. Maybe scale down other expenses. I'm not in the know of LSG 's private affairs. Perhaps they should consider unloading an asset for profit. I hate to even mention the Fenn Gibb pit. It will be many years before LSG have capital to build the huge mill required for the vast production

[stwatcher]

I Don't disagree with you in regards to exploration but in lsg's case that is stating 1 billion worth of gold so far maybe they should get working on this and become profitable before exploring for new. If not ...another financing will be down the road again at the expense of the shareholder.