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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ts9222

[grammadux]

You desperately try to make Edv look good and talk their high debt numbers smaller. The LSG ratio of 0.219 is also calculated against total liabilities! First of all debt means not only long term debt! You are always referring to long term debt numbers only but a company has also short term borrowings or leasing obligations which also bear interest! Therefore taking total liabilities is a more accurate number. What you are calculating is long term debt to equity! Most accurate would to calculate all interest bearing debt against equity. You could do that. Comparing assets with liabilities is a whole different story! It makes sense to compare total liabilities with equity. Look at the EDV balance sheet, they have 113 million under payables, thats short term debt! Pretty huge number considering the equity value. I don't doubt the higher earnings or production. But you seem to ignore the unhealthy high debt level of EDV. Therfore LSG is the better investment from my point of view at this point of time. Point.