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

RE:Seeking Alpha vs Scotia

[bossu]

Goldhappy,
I totally agree with your thinking.LSg has ''their hands full as an exploration company''and better keep part of their funds on exploration on their property and this is what they are doing.What we want as investor is growth!!So it is obvious that they will need to increase production to 5500 t/d The average grade at 5,7 gr/ton they have been milling in the Q1 is not ''sustainable'' but more in line with 4.4 gr/ton to 4.8 gr/ton.
So to have growth they need to increase production .For example if you take the Q1 daily production of 3300 t/d at 5,6 gr/t you have an average gold production of 19,000 gr/day and if you use a 5500 t/day with a grade of 4.6 gr/ton you have a production of 25 300 gr/day for a 33% increase in production and if you apply this increase to the Q1 poured  production of 52000 oz you have 69000 oz and a possible yearly production of 276 000 oz.
Just to say that Tony and his managing team will have very important decisions to take in the coming months and it is quite obvious that production increase and shaft deepening at Bell Creek  are the only solution for ''growth''.and they have to put in the equation the ''potential resources increase''.with their actual exploration program!!!