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

RE:LSG vs NMI (to grammadux)

[grammadux]

Some quick thoughts on NMI:

AISC: Q2 $1036     Guidance for this year: $1020-1100

LSG:  Q2 $877       Guidance for this year: below $950


All numbers are in USD!

Both companies benefit from the devaluation of their home currency (CAD and AUD!)
So there is no advantage for NMI here

Realized gold price for NMI in Q2 was close to $1200, right now Gold is at $1115
Foreign exchange profits are already baked in the Q2 AISC numbers, as stated in their NR.

So LSG is still making $150 more per ounze.


One last observation, NMI seems to be quiet illiquid, trading volume below 100,000 shares on some days.