TSX:LSG.DB - Post by User
Comment by
BrahmaViddoon Jul 12, 2015 8:07pm
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Post# 23916539
RE:position of strengh
RE:position of strenghI see Skid Mark is gulping down the Kool aid from Tony. Lots of sheeple here. So let me lay it out in simple layman's terms. LSG has no significant reserves. Hence why their share price will stay limp until reserves can be increased by many years. No one will buy them for this reason. And forget about quoting how much gold they have in measured/indicated/inferred resource. It means nothing. It may as well be on Pluto because it's not in the reserve category. The numbers are on their website, clear as a sunny day in Timmins. LSG is not alone in this fight to increase reserves. Goldcorp is in dire straights as well (in regards to their Timmins mines). Something to digest. So ask yourself this: can they really replace the gold reserves as fast as they mine them? Of course you and many here will say YES because you don't dare think of the consequences if they cant. What happens if the 144 property isn't fruitful? Please respond with sensible real life scenarios.