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

CALL ME CRAZIE

[craziecanuck]

This is no more fun for me than anyone else...I've got a shi*tload of LSG (at a much lower cost), but this last few weeks haven't been very exciting.  But it's been the same for some of the other juniors I have too.


But that doesn't change the fundamentals of this story.  There's gold on LSG's properties and also on some of the J/V's they are involved in.  They are only starting to put out Ni 43-101 reports to better quantify something that can be better understand to give the overall big picture of what this company (we) are sitting on and in my opinion it is quite possible they are holding back on releasing some results until they have a better understanding of the whole picture.  


They are producing, having declared commercial production in January of this year...they made a profit in the first quarter on relatively low grade ore with average gpt of about 4 if I remember correctly.  I believe all of their properties have drilling results that are "open at depth and along strike", this quarter will have a much higher average grade of gpt processed which will virtually guarantee a much stronger net earnings report for the 2nd quarter.


The majority of the big investment dealers have target prices in the $5 range.


The average price of gold is much higher that the 1st quarter and seems to be holding at $1500 per oz.


The fate of major world currencies is far from certain giving assurances of continuing strength in gold.


Don't be shaken out of fear into selling your shares.


We haven't even begun to hear anything about their valuable Mexico properties which are also highly prospective.