TSX:LSG.DB - Post by User
Post by
bossuon Aug 31, 2015 10:53am
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Post# 24064936
Drilling results
Drilling results We should have a new batch of drilling results this week...How about having something like we have
had in November 2010 when they announced an intersection of 6.92 gr/ton over 61.4 meters at Thunder Creek 730 level (11/24/2010 ) At this time, share price was at $ 3,50 or so !!
Now we have a mill able to proceed 3600 t/d and a modest investment would increase mill output to 5500 t/d .....but we need to increase proven resources to justify any investment.
This is why the actual drilling program is so important for LSG future.
We should have a ''clue''very soon and in my mind very important development to be announced in the coming months.