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

RE: Grade

[yoda2]

It would seem that the main message is

"while the ore body is good, It is not as good as we thought it was and not as good as we told the investment community.  To minimze the resulting unexpected grade variations we need to drill more holes so that we can mine more selectively and mix the differing grades mined to achieve a more consistent average ore grade. We must strive to deliver approximately the same grade every quarter."