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

Gold Price....

[aerialview]

Do I have this right....?  For every 10$ increase in the price of gold that means roughly another 1.2 million to Lakeshores gross earnings for their gold?? beased on their 120,00ounces peryear?  I am liking THAT math....
G

[tarnoir]

I would say so! Pretty straight forward. Just need to lower/contain costs - and the big drop in capital costs will all help the bottom line. Imagine if gold got back up to $1500+ or even the glory days of $1800+, LSG would most likely be trading back up around $3+. BOOOYAH!

[idlefreebird]

aerialview , you got it right but the 120,000 onces you forecast is the passe. When they get Timmins West minning to 3,000 tpd on it's own that would add to Bell Creeks 600 tpd . Therefore you could expect minimum 3500 tpd comming out of that mill for 2014 for sure or earlier.That my friend is way above the 120,000 once mark. GLTAL p.s i'm happy with upward movement as I checked it at 10