TSX:LSG.DB - Post by User
Comment by
knowsnothing613on Jul 21, 2011 10:58am
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Post# 18856463
RE: Pure BS
RE: Pure BSLSG may have to restate head grades and reserves. So the question is what will the new numbers be, and will Timmins will an economical mine after those numbers are released. Still a lot of unknown.
Does anyone know the break even grade cutoff $ ,and at what the annual output (tonnage), for the Timmins mine to be profitable.
I'm at work. I'll read the technical report when I get home. I won't invest until I get a better idea. But current shareholders should worry, if the grades fall a lot, thus making the Timmins mine uneconomical.
Like I said, still a lot of unknowns.