TSX:LSG.DB - Post by User
Comment by
hardrockminer57on Aug 23, 2012 9:03pm
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Post# 20254644
RE: From the LSG WEB Site
RE: From the LSG WEB Site i hate to rain on anybody's parade but i think people need to take off the roze colored glasses when they read the propiganda. they just borrowed millions more dollars and are "focusing on completing significant capital development at Timmins West Mine during 2012". they said in June they saved 20 million in "capital savings", probaly from the mill expansion which was supposed to produce 3000 tons a day by November. the web site says "according to the PEA" the mine has "the potential to produce 130,000 ounces in 2013" theres no mention of grade or how many tons the mill would have to process .and then they say the company "has a full pipeline of highly prospective projects/properties in its portfolio today" ...really? at what cost?? how many billion dollars do they need to spend to develope Bell Creek, Fenn-Gib and Gold River? oh wait, the "timing for development...is entirely under the Company's control" ...good save all i want is for my shares to go back up to when i bought them i hope their right.