Re. Goldhappy, I wonder? I wonder what would have happened a few years down the road if Lakeshore had to curtail production for the purpose of devoloping work to access more Hi-grade. What I mean is what if Lakeshore went for a short term direct to the hi-grade ore and a short mine life instead of taking the pain now early on to do proper developement work and build a long life mine...Now granted I may not be off about 250 thousand now if they just hi graded and ran for the hills but i was thinking long term anyway.
And building a mine these days has a lot of rules that must be followed.
I can not beleive that Franco Nevada is dumb enough to invest 50-60 million in a short term mine life, I'm pretty sure they did their due dilligence on this gold mine and know things that I don't know.
My hope is that in the end doing proper development work up front will pay off in the end..short term pain for long term gain?
Then of course all depends on what bankers and governments do ...but if this mine is built proplery it may survive a low price of gold in the future.
Guess i should have sold when share price was over 4 bucks...could have bought a 150,000 more shares at these prices....ah well maybe my kids will do well with Lakeshore...maybe not?