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

Here's what I predict for ounces this year

[IMgolden]

One of my concerns has been that Tony might be wrong on how many ounces the mine will produce this year.  So I did some of my own calculations according to the gold bars I have seen on the website.  Here is what I came up with:

In the first two quaters, they told us they produced 54,000 ounces.  If you count up the gold bars, there are 68 of them.  On average then, that's 795 ounces per bar. 

So far this quarter there are 45 bars, they haven't reported yet how many ounces.  That's 113 bars in total so far.

There are 14 more pours to go before the end of the year.  That means there would be 33 more bars according to the average we have been doing. 

So that's 146 bars in total multiplied by the average ounces per bar.  This brings us to a total of 116 000 ounces for this year. 

Keep in mind two things:  1. We lost some crushing time when we went though the shutdown when the new chrushing system was being installed.  2. We use to have a lower crushing capacity. 

With the now mill up and running,I predict it will still be closer to the 120 000 he predicted than to his higher number.

I was wondering if what Tony was saying was doable.  After doing these calculation, I really think it is.