TSX:LSG.DB - Post by User
Comment by
Timminsgoldon Jan 27, 2006 1:20pm
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Post# 10257823
RE: That's Right... 5 + Million Ounces
RE: That's Right... 5 + Million Ounces
For your info,3 g/t can be mined economicaly in todays environment. The Raymond James forecast was based on 6.5g/t (as I recall)and $450 gold. Their analyst I am advised will update their forecast, once LSG confirms the lowering of the cut-off grade and will update their Re[port and highlite the significant improved shareholder value.
With respect to Schumaker, if the deposit is flat laying vein structure, I do not believe they anticipate the veins dipping or proviing any expansion at depth. What I understand LSG is looking/praying for, is an environment similar to that found on the adjoining Hoyle Pond property, whereby, these veins "BULGE" and result in a jewel box effect. They provide an exponetial increase in both grade and ounces in these bulges. This would be most significant for LSG to encounter bulges on this property. It holds high potential for adding tonnage and with shallow holes, at a very low exploration ost.