TSX:LSG.DB - Post by User
Post by
goldhappyon Oct 15, 2012 1:53pm
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Post# 20484957
Another Senerio
Another Senerio LSG has the resource. The mill is not ready. LSG shovelled out the low grade for for a while now. The market continues to punish LSG. If LSG was in financial crisis higher grades would have been mined. LSG reported some 90 millon cash on hand. Hardly a sign of a company in trouble. The mill has a few wrinkles. We will soon hear what Tony will share with us little people. Perhaps he will hit a home run for us. The low grade all removed as the mill reaches completion. Up come better grades. With that momentum the market will pay attention. Gold is forecast to start a new bull market dragging gold stocks higer. Can we expect a bounce?? The market will decide. One thing for sure I have not lost sight of the mill parts bought to expand to 5000 tpd and higher. Good days are ahead for those of us that wait. I'm sure the board is feeling the pain...likely more than ourselves. Stay the course.