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

RE:RE:RE:Tony - Set in Motion Fenn Gib - Release updated Resource

[cre8value]

cre8value wrote:

shawk wrote: And just where is Barrick going to come up with $120 million even if they did decide to opt in? This is a company that is drowning in debt and is selling its producing mines at fire sale prices in a desperate attempt to pay down its massive debt. The chances of them investing in assets that wont have cash flow for at least 5 years are slim to none.
Right, we'll have Tony shut down exploration at Timmins West move all the drills to Fenn Gib and leave our mill without any reserves to continue production on the oft chance that Barrick might back into Fenn Gib. 
Give it up!

Shawk - The drilling was already done in 2012.  Tony hasn't updated the resource.

See Idle's previous post on this. He even includes the maps.  No need to move any drills.

One other point.  If you think Barrick is really in that bad of shape then Lake Shore should update and then push the 90 day clause. Time to move on this is now.

From Engineering & Mining Journal - FEB 2013 page 34.

Barrick has a limited time 51% buy-back option on the property,
which applies for 90 days once Lake Shore reaches
5 million oz resource base.