TSX:LSG.DB - Post by User
Post by
goldhappyon Aug 20, 2015 10:24pm
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Post# 24038469
LSG
LSG The falling POG was about the only event I could see to take down LSG stock price. Now that gold is recovering I suspect LSG management will wipe the sweat off their brows and get at building income for the shareholders.
One thing LSG will need is gold ore to supply an upgrade to an expanded mill. From what I can remember it would be a fairly quick job to expand the mill lasting several months. A cost of 20 to 40 million dollars CAD will be incurred. That expansion would increase the ore flow from about 3500 ton per day to 5500 tpd. I suspect the exploration in the 144 GAP will shore up the decission to expand or hold the course.
More results from the 144 GAP is about due. The last reporting was in June 2015. The end of the second quarter should be encouraging as Tony planned to increse the gold grade via the mining cycle and in light of lower profit margins. These higher gold prices take the edge off for now..
It would be nice to know what is happening with the Bell Creek Mine.The resent aquisitions are due to finalize this fall. A lot of work on Tony's plate.