TSX:LSG.DB - Post by User
Post by
analysethis9on Mar 22, 2010 9:45pm
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Post# 16911721
lsg
lsgDigger
In relation to rtm I noticed that e Kellio was appointed to board but also noticed that Tony Makuch 's name
was taken off the list of directors after phase 1 results .........................Could it be an insurance play in case they hit and if they miss after phase 2 they can get get their money back by selling shares .They did acquire all the key properties on their maps that show potential.
In relation to trr the trucking distance is approx 170 km to bell creek mill and approx 130 km to the new mill
proposed for wtm .Do not think they would haul from that area to feed the mill when they have high grades within 3 km radius of new west end mill that permits stage has begun.
The comments in relation to lsg growing by M & A in the future from Q & A in year end webcast from scotia
bank was answered by Tony saying that they would rather find the oz to grow (cheaper) and they have a good track record (thunder, bell,vogl ect ) versus paying $100.00 oz .
In my math 3,000 t.p.d. (bell) 3,000 to 5,000 t.p.d. (west end ) equals by 2014 6,000 to 8,000 t.p.d. with a min grade of 7.5 g/t au would generate 450k to 600 k oz au per annum @ 90% recovery.
To propose to build such facilities intelligent management would apply for permits if they can envisage 20 years minimum production .I think the board has acquired all the land they needed and have to bring HOC to 50% interest nov 2010 without much dilution and earnings /share in 4 years with no debt makes LSG an enviable investment.It is not every day that the average investor can acquire for less than a controlling shareholder that is paying cash for same security.Find me another such investment on the market as I would review it carefully.
Digger I really enjoy your posts along with expl_r posts
Please find me a company that has had $250.0 mil invested at a premium and is now trading below that premium