TSX:LSG.DB - Post by User
Comment by
goldhappyon Nov 29, 2012 1:36pm
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Post# 20661400
RE: RE: Share buy back program
RE: RE: Share buy back program Glad to get your opinion golfcar72. I agree they need to stay focussed on gold production. Thanks also to idlefreebird for the updated LSG info. from Tony. Anyone that has any doubts about the potential of LSG may not really understand mining. Did you hear Tony state LSG have some 7 million oz of gold. The current diamond drilling is focussed on shoring up the known drilling information to avoid negative production surprises. LSG have enough gold explored and developed to feed the mill for a good number of years. LSG have plenty of exploration targets to be drilled in the future. LSG is a honey comb of gold targets. Tony used the word growth many times when describing exploration potential and production potential with examples. Tony is focussed very much on reporting what LSG has accomplishing and short term goals (2 years out). The photos show we are all invested in NEW equipment. Many older plants contain worn out junk. This new equipment is very important when producing any product. I am very pleased with the reporting and very happy to see what has been built. The gold is coming. The current share price is a ridiculous. I'm not the least bit swayed or nervous about the SP after listening and reading these fine reports. Time is LSG's biggest enemy. It appears Tony is doing a fine job building this gold producer. I did have doubts when he miss reported on gold production time lines. That is now all in the past. Yep it kept our money dead. We are turning a new page on the company. The future is very bright. Hopefully LSG will get plenty of gold out of the new mill before the USA manufacturing turns the corner.