TSX:LSG.DB - Post by User
Comment by
rollonon Jul 30, 2015 5:08pm
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Post# 23977594
RE:Exploration cost ...
RE:Exploration cost ...They did a flow through offering to cover costs of exploration in the area of 20M. That provided the cash for that expense. They are expensing the costs as they go along. Once they define the ore body and come out with a proven reserve I believe they can capitalise those costs thus returning that expense to earnings and in effect increasing book value. We need to find a substantial deposit to move the stock price.