TSX:LSG.DB - Post by User
Post by
goldhappyon Sep 06, 2013 7:27pm
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Post# 21724111
Here is an optimistic pump...
Here is an optimistic pump... We should hear soon enough from Tony where we go from 3000 tpd at about 5 grams per ton. Lets just say his miners take out a couple extra high grade stopes to raise some of the needed cash? Could they reach 5.5 grams or even 6 grams for a few quarters????
A while back Tony planned to get production up to 5000 tpd .....at 5 grams/ton ?
5000 tpd times 5 grams = 25000 grams/day divided by 31.1 = 803.8 oz per day times 365 = 293,408 oz per year....add a few more tons and some higher grades and LSG will slam dunk 300,0000 oz / year
.......300,000 oz times $400 profit per oz = about $120 million dollars or near 29 cents per share.
If Tony can show he can pay down the current loan soon by a little high grading he may be able to raise the cash required to get us to 300,000 oz / annum....not too shabby.
LSG is still in the game. If the price of gold rises like some suggest ....well now...terrific!!
We may see another expansion plan sooner than later IMHO....More production volume may bring down the long term operating costs. All good.