TSX:LSG.DB - Post by User
Comment by
goldhappyon May 19, 2015 2:36pm
302 Views
Post# 23741798
RE:RE:RE:RE:RE:RE:RE:LSG Scotia
RE:RE:RE:RE:RE:RE:RE:LSG ScotiaThe resource is being addressed in giant steps. I think the price of gold has stabled out in the $1100 to $1300 range. The debenture could be looked at as financing to expand. The mill can almost double production. A deeper shaft at Bell Creek is where the extra production might be had. If and I do say if the 144 GAP pans out that will be even greater resourse within the infrastructure of the Timmins West mine shaft. My take is if we dilute with the debentures some 20% or so we double the yearly income!!! Maybe that was Tony's take all along. Business needs money to expand. Hit me Geoffs...I am no challange to your smarts I'm only seeing it from a miners eyes.