TSX:LSG.DB - Post by User
Comment by
bosseon Jul 06, 2013 9:19am
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Post# 21592259
RE:Inflation
RE:InflationYour right,I found the link on their site after posting!!!Nice to see the Sag Mill test turning...finally!!
If they have succeded to average a mill throughtput of 2800 t/d for the last 3 weeks in June at a grade of 4.6gr/ton that is very impressive.iNo doubt they will reach their target and hopefully more, as promised, later in August.
After commissionning, in the Q4, LSG will be a 140000 onces Intermediate Gold Producer Company on an annual basis at a cash costs ot $700 /once.
All sustainable cash costs are difficutl to assess but may be around $1050 ($700 +$350) just to say that a the actual gold price, LSG will still be in a position to be cash flowpositive as mentionned.by Tony.