TSX:LSG.DB - Post by User
Comment by
goldhappyon Jun 09, 2014 4:35pm
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Post# 22643482
RE:RE:RE:RE:RE:The next year should be exciting
RE:RE:RE:RE:RE:The next year should be excitingYou might not be far off the mark brama..."risk reward"....I don't think the mines are developed enough to handle 6000 tpd on a regular basis. If they expand and borrow we are at risk. I agree with goeffs about getting the loans paid off. If the price of gold slips due to an ever increasing economy before an election LSG will be in the house of pain. If gold prices suddenly swing upward LSG will benifit to the tune of 180,000 ozs....not too shabby for a small company. My first priority is to diamond drill and increase the resource. That is a saleable commodity and we wll get a big bang for the money spent. They have gold all over and can almost predict where to drill and be sure of hitting more gold. If they find higher grades close to the operations it is a windfall for all of us.