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

Metals & Mining Gold


TSX:LSG.DB - Post by User

LAKE SHORE GOLD CORP 6.25 PCT DEBS
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Post by lornon Apr 03, 2012 7:27pm
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Post# 19755555

RE...maurizion..in news release

RE...maurizion..in news release

You are correct, there are many here who are down a fair bit of money on the share price.

Lakeshore is now a producer and will react to gold price just as other gold producers do...Goldcorp down over two dollars today.

Anyway in last news release was this statement...." Our intention is to complete the required drilling and other work to continue to build both our reserves and resources in order to maintain an ongoing 3 to 5 year reserve life ".....

This I beleive is what the ongoing development work is all about.  If so this is very good planing for the future, maintain 3 to 5 year ore supply, I think this means that as mining activities advance in the future there will always be an ore supply planned out and available...good thinking IMO.  And it all cost money.

Short term pain..long term gain?

 

 

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