TSX:LSG.DB - Post by User
Comment by
analysethis9on May 25, 2011 9:47pm
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Post# 18626224
RE: RE: Difficult Decision...
RE: RE: Difficult Decision...I am shocked that an investor would trade a producer with proven and probable oz and 43-101 pending on multiple projects versus an acknowledged non producer restated by the osc correction today with inferred oz with $100 mil in cash to drill (the bulk of funds spelt out clearly in prospectus.)
A few months ago trucks were going to go up 144 to lsg mill and print money for trr but now they will drill for more inferred and spend very little in mine area with infrastructure and seem to have written that off being chester 1 & 2 area .
No takeover on trr anytime soon as no proven and probable.
I estimate a 50 % drop for the inferred and a50 % gain for delivering and producer of oz by year end .
we shall see.