TSX:LSG.DB - Post by User
Comment by
digger144on Nov 04, 2010 7:38am
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Post# 17655560
RE: RE: Makuch was listening...
RE: RE: Makuch was listening...
Easy Vanchester...
You are being much too harsh on Tony Makuch. I believe it takes a "real man" to admit he made a mistake and is flexible enough to make changes!
The Lake Shore Team are normal human beings just like us and have done a most amazing job in such a short period of time! Anyone that really understands the world of gold mining will recognize this.
This is a start up company and with it comes challenges and hardships which build character and respect in the investing world as you work through them and overcome them!
As for built in problems and possible lost production time it is most definitely built in. The production estimate of the Bell Creek Mill of 10,000 ounces per month is now understated in my opinion and can easily be surpassed if all goes well...time will tell.
As for his pubilic speaking skills...well...we cannot have everything. I give him top marks for his mining experience and knowledge and he is proving that he can get the job done! The initial mine plan has changed dramatically along the way and the growing pains are being dealt with. His vision and foresight are commendable and believe me are being observed and recognized in the world of mining.
If you are looking for flash, charm and politically correct statements....visit the government channel, it will quench your appetite for public speaking skills. Personally, I respect someone that can handle the demands of an executive position and "get into the trenches" with the production team that is the life blood of a mine!
As for being profitable....who cares...they are still very much in a growth position and will have to spend a lot of money! Give them a few years to achieve stability and demonstrate the true potential of this operation. They will pour enough gold in the meantime to offset a lot of growth expenses.
Looks all good to me!
Digger144
P.S. You may be surprised by the market reaction!