RE: RE: Idlefreebird to much crying here idlefreebird....I remember when Tony took over abandond mines in the levack area..mines that Inco no longer felt were profitable...Tony and FNX mining expanded to where there have been taken over
recently by a major mining co. FNX expanded to something like 4 or 5 mines that were profitable so he does have experence.
I do wish I had sold when share price was at the 4 buck stage as I would now be able to buy 200 thousand or so more shares of LSG.
Now what I would like to know is exactly what kind of mining is Lakeshore doing or will be doing in the future. I don't think they are following gold veins but are in the prosess of building a mine that is capable of bulk mining.
You must have access to gold rich muck if you are going to feed a 3000 or 5000 ton/day mill You need many drifts likely at 200 ft levels to do bulk mining that requires a lot of preparation and money.
If there are and mining guys out there and know what type of mining like vertical retreat or whatever kind of mining and the requirements and preparation required by Lakeshore please clue us in.
IMO, Lakeshore is in the process of building a large mining complex that will last for years Not an easy thing to do....settling ponds...tailing desposal area...back fill plant ventilation...
Law requires that for what comes out of the ground must be replaced...so many hoops to jump through all cost money
A small 2 or 3 year mine life operation would be a lot quicker but a large complex like lakeshore is attempting to do takes a lot of time and lots of money but when all the ducks are lined up the profits start to take off,
Short term pain for long term gain...I hope.
Yesterday there were 40.7 million shares sold and bought who would by that many shares in a poor company?
Still feel that Franco nevada are not stupid.