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

October 2010 Marketing Presentation...

[digger144]

The new slide presentation posted on the LSG website has done little to change the mindset of the market place.  It does demonstrate the upside potential in terms of share price appreciation due to the fact that we lag our peers in terms of the multiple that has been given to similar plays.

Makuch must find it...pour it and sell it!

I believe the problem is that the fundamentals must catch up in terms of actual ounces poured each month.  Management has not changed their statement in regards to the end result and that is what the market is waiting for.  They are sticking to the phrase "10,000 ounces mined per month"...we want 10,000 ounces "poured" per month or at lease give us a figure as to the actual production in terms of physical ounces at the end of the line on a monthly basis...that is what pays the bills and will be rewarded accordingly in terms of share price appreciation as this number increases.

However, having said that 10,000 ounces mined per month is great but how many tonnes were mined to achieve the figure and what is the actual grade?  This will affect the output at the Bell Creek Mill due to the fact that they will only be able to mill 2,000 tonnes per day once the mill expansion has been completed.  If they can achieve a head grade of 7 grams per tonne as mentioned in previous conference calls by Mike Kelly then all is well but there is some doubt here due to the wording by Tony Makuch.  They may have to "Toll Mill" in order to satisfy the market place!

I am looking forward to the upcoming conference call on November 11, 2010...we may get some clarification....Makuch has to stop playing games!  We might get news sooner as I am sure there is a lot of good things to come out from the Bell Creek Complex...Thunder Creek and the Gold River Trend.

The market is also looking for actual figures in print, namely NI 43-101 Resource Estimates on each respective Property...after all, fund managers and alike must follow guide lines in order to deploy assets accordingly and with the less risk possible.  We need a better picture!

There is no doubt in my mind and the people in the business that this play has the makings of an up and coming relevant entity in the gold mining industry but the bottom line is not living up to the "talk" at this point in time.  That will change quickly as they gear up on all their headings!

Digger144

P.S.  Makuch....are you going to Toll Mill or what?.....Stop sitting on the fence and make a decision!