RE: Re. imstock Clearly I do. Low grade doesnt mean low profit. It just means lots of tonnage. TRR for example has extremely low grade, just alot of it, and IMG bought them out and plans to open a mine there by I believe 2017 or so.
People are surprised a big miner like Dome or Kinross hasnt bought them out yet, and also why they sold them Fenn Gib etc. All for the same reason, these big miners want high grade projects. LSG is no Hoyle Pond.
Fenn Gib has alot of ounces all at the same lower grade. Etc etc. LSG is going to have a massive mill, and will be able to bombard it with ore to get their ounces.
Someone did the math when LSG came out with their latest release saying 120-135k ounces. With the mill being 2500 half the year and 3000 the other half, it means even in 2013 they expect to have not much higher grades than they did in 2012. Proof is in their own words...