TSX:LSG.DB - Post by User
Comment by
imstockon Jan 14, 2013 9:40pm
279 Views
Post# 20837618
RE: RE: RE: Share Holder Right Plan...
RE: RE: RE: Share Holder Right Plan... I agree 120% with digger and some people were upset with me in my last posts where I stated LSG was a low grade mine. I too would like LSG to be a higher grade mine, but just as digger has stated and I said in my previous posts, the proof is in the pudding. They are saying it without actually saying it...They need tonnage in order to get their ounces. Hence they are spending huge amounts to increase the mill so that their operation can become profitable at the grades they have now, and the grades to come, if they decide it becomes feasable and cost effective to open pit Fenn Gib. Etc
Do I still think LSG is undervalued? Yes. Do I think they will be around for a long time to come? Yes. Do I think there is still huge exploration potential to prove up even more ounces of similar grade in or around both of their current mining operations to feed their giant mill? Yes. That being said, this isnt the next big gold discovery we were all led on it would be early on.
It still has potential and we all need to look at it realistically for what it is, so as to be wise with our money because no one else will do that for us.
again JMHO and GLTA