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

RE:RE:Downgrade this morning..

[bosse]

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As long as  the gold price stays at the actual level or over $1400 US we are OK.
The only negative point is their low cash level (28.M at the end of the Q2) and their debt obligation.
Hopefully they are now  producing (or near)at 3000 t/d with and improved grade coming forward but I d'ont think the ''blend''from Timmins West and Bell Creek will  be over 5 gr/t but the production output will increased but  at what cost?.They will have to generate the cash to proceed to the next level.
If they succeed to break even in the Q3 and have the $1000 all cash cost in the Q4 we are headind in the good direction.
In my mind the worst is over.!!