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

Geoffs13

[goldhappy]

Hang in there Geoffs13. The worst part of this wait is behind us. Tony has been fully coverted to under promicing and over producing. That's a good thing in the mining business. One problem is LSG have too many outstanding shares diluting the wealth. Doubling the shares reduced the $4 stock to a maximum say $2 stock. We are at 43 cents. It's a good time to add shares as this stock appears to be slowly moving forward. Production is up. Gold price is creeping up. Now we need LSG to creep up. I sure am fed up having all my money tied up for such a small return. Some folks think I am nuts suggesting they restart a small exploration drilling program. It is a good bet they may find higher grades especially close to the existing infrastructure. A small program would cost under $5 million annually. They could uncover a mother load. It's a heck of a lot cheaper to send a 2 or 3 inch core bit through the ground than a 16' by 16' ramp or drift. LSG is playing around with lower grade material when a nice high grade ore body could be close at hand. A 5 gram ton is only worth a little over $200 before cost are subtracted. I've worked in mines where a ton of muck was worth $2000 and $3000 per ton and higher...much higher value. It would be nice to find an ore body containing a one oz per ton. Then watch this stock fly.