TSX:LSG.DB - Post by User
Post by
goldhappyon Jul 08, 2012 6:16am
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Post# 20092405
Just Wish
Just Wish I can remember the mine planning based on about $800 gold. The problem I have is this mill bottle neck. It is not going away. Any work done outside of getting this mill up and running is secondary. Get this mill up to the 5000 tpd capability as soon as possible. Spending more money at this time on Fenn Gibb or even the Bell Mine is very questionable. A second feed source is what should happen. A 2500 tpd mill will not support 430 million shares...$4 vs $1 is our proof. This operation is in heavy red ink. The man has been forced to reverse that trend. Now that he has complied we must know if he can make us profit. We have made him millions and he has lost us hundreds of millions and continues to miss on developing this company into a good profitable investment. Long ago people predicted this company was out of control with the spending. Their was a time I thought taking over a smaller operation with a viable mill was the way to go. I posted that on our site. I still think that was a better plan. Now that LSG is broke perhaps a joint venture with a compatible company may be the better plan. LSG has the ore available. A smaller exploration/mining company has a mill ready to produce the better grades from Timmins West. Does LSG have a better plan to produce profit? Can they reach the goals on time? What is the time frame for investor profit? Hoping the stock price rises with better market conditions is like blowing hot air into a paper bag. If this company has gold then pour some very high grades in the second half. Smash the 100,000 oz mark by a country mile to show we have gold. Pull 125,000 oz or better for the year. That would impress even the nay sayers like myself. I was a great support person and published my thoughts. This man has missed so many times and rolled other heads I do think it is time for change.