TSX:LSG.DB - Post by User
Comment by
goldhappyon Sep 17, 2013 11:02am
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Post# 21745527
RE:RE:waiting easier...couple good years to go?
RE:RE:waiting easier...couple good years to go?...I would like to see LSG in a very strong finacial position and the existing framework proven to make decent profit. Expanding with more debt will squeeze and risk our money. I have worked in many 3000 tpd operations. I've seen them run with great success. A new boss shows up and expands to 5000 tpd for several years. He becomes a hero sucking down all the development. That person is promoted out of the Mine Site. Production crashes leaving everyone in stress mode. The equipment has the heck run out of it causing major delays when it brakes down due to lack of regular maintenance.Can't stop and must always produce to attain that new 5000 tpd budget and schedule. Dan said he is developed out 6 months ahead of production. When he was asked where he wants to be with development he said one year ahead of production he would feel comfortable. Good answer. Prove out the production and make money with Dan attaining his development goal ..."one year ahead of production". Pay off the loans and bank a little profit.Heck just hold the surplus gold for when needed. Do exploration drilling to make things more exciting. Come up with a realist expansion plan aimed at increasing shareholder value. That is my thought idlefreebird. The board is made up with experianced people that are likely 10 times smarter but we are all linked to the price of gold.