TSX:LSG.DB - Post by User
Comment by
goldhappyon Jan 14, 2013 10:56pm
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Post# 20837807
RE: RE: RE: RE: Share Holder Right Plan...
RE: RE: RE: RE: Share Holder Right Plan... Idlefreebird...those were my exact thoughts you wrote about diggers comment. He is sincere and he has most of the story.
From one that follows LSG closely I know they delivered a low 2012 grade to process lower grade development material. This material needed to be hoisted and made some money for LSG. It gave them a chance to prove out the mill. The grade will rise this year from all estimates given by the management. The mine managers all gave a small film clip telling us not to worry as everything is coming together now. These are very credible men from positions of high responsibility with major companies. They did not leave those posts to run a flee bag failure.
Perhaps if digger has this slant on LSG others may also follow his thought process. Make me feel a bit better about LSG's future. Perhaps the mini poison pill is taking hold. The grade isn't 10 or 7 gpt. We will likely see 4.5 gpt for a much extended mine life as they blend low grade and high grade tonnage. That will buy many years of exploration drilling time. It is not a get rich quick play right now. That will play in our favor as sooters will go elsewhere...I hope!!!