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



TSX:LSG.DB - Post by User

Comment by bosseon Apr 22, 2012 3:01pm
327 Views
Post# 19821870

RE: RE: RE: RE: RE: RE: new presentation

RE: RE: RE: RE: RE: RE: new presentation

In Tony's last presentation it was mentioned that their main objective was to bring ''Timmins West''to full production of 160,000 oz/year and  complete ''Bell Creek mill expansion to 3000 tons/day by year end

It means that they will be able to extract ''ore''contaning 160,000 oz (at 5,2 gr/ton)from Timmins West and ship them to Bell Creek for milling.

We know that the actual production from Bell Creek deposit is 15,000 to 20,000 onces with a grade under 4gr/ton.from a couple of hundred tons of ore.

We can see right now that they will have to decide before year if they go for another production increase or posponed their decision because they will not have the necessary funds to do so or keep the 3000 ton/day at Bell Creek and planing a new mill at Timmins West depending of the result at Bell Creek NA deep zone.

 

 

Let's be patient and hope that the gold price remains at today's level.

 

 

 

 

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