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

RE: Volatility

[Vanchester]

Let's remember why it went from $4 to $1.50. It wasn't due to their resource changing, it was because of costs of production. LSG can find all the gold they want but they are not going to move substanially until they  get it out of the ground at a decent grade and at a profit. Thunder will move LSG up somewhat but we are not likely to see $4 again until the costs come down.

v.