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



TSX:LSG.DB - Post by User

Post by lornon Dec 28, 2012 6:54pm
346 Views
Post# 20779023

Re..Idlefreebird..

Re..Idlefreebird..

IMO.  The majority of share holders have never been in a mine let alone have worked in a mine.

So it may be difficult for many to understand why ya just cant go after the hi-grade and make money...just not that easy nor would it be very wise.

When I look at those slides provided by Lakeshore I am convinced that they have done a great job of mine building,  they started the Ramp and the shaft at the end of 2009-2010.  In just a couple of years they have put in place the infastructure needed to produce and mine gold for years to come...and this during a very tough time to get financing for gold mining projects.

I didn't count how many stopes are in place for future mining but it appears to be well planned.

It appeared to me that there were still some vent raises to be put in place yet to facilitate deeper mining stopes.

I think Lakeshore has done a great job, course like everyone I am disappointed about share price but IMO. that is more the fault of big money rather that the few mistakes made during the construction of a new mine.

Lakeshore has built a mine complex that should be capable of producin for many years to come...depending of course on the price of gold.

I think also that Lakeshore has planned and built a mine the could operate at profit with a lower gold price.

Anyway IMO. it is impressive what Lakeshore has accomplished in just a few years.

 

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