TSX:LSG.DB - Post by User
Comment by
goldhappyon Dec 03, 2014 4:44pm
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Post# 23191990
RE:SEPT. 2017 DEB
RE:SEPT. 2017 DEBTony is heading in the right direction Geoffs13. We should exit the year with 80 plus million and next year about the same. That will leave LSG more than enough to pay the depentures. Im not sure what actually happens to pay this down early. No doubt the idea of making more loans to expand will be a hot topic down the road. If that is economical and gets us over 300,000 oz per year so be it. Should not be such large loans required...20 to 40 Million for the mill plus whatever is required to reach more gold ore. Maybe a guestimate of 80 million total. Not so bad when they make 80 million now and could move into the 120+ million dollars profit with the extra capacity. I still maintain Im waiting for that high grade pocket of gold found with exploration drilling.