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

RE: RE: RE: RE: Share Holder Right Plan...

[goldhappy]

geoffs13...LSG mined a bunch of low grade ore in 2012. LSG changed the mining plan early in 2012 to accommodate  a lower grade formation found while driving the access to the ore stopes. This low grade had to be mined and hoisted as there would be little room to store this material underground. It had enough gold to make low profit. Thus it went to the mill. This is a reason the grade was down. Late in the year the grade was at 4.2 gpt. I don't expect it to run much higher. The reason is LSG will blend in lower grade ore and extend the mine life. This will buy time and tonnage to due some extensive exploration work. Not my call just my opinion.