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

RE:RE: 2015 production

[goldhappy]

  Your opinion is highly reguard by me farmboy. The problem I see mining at near break even prices is the development must be sped up to replace the mined out tonnage. Things like ramps , drifts , ventilation raises , services , garages , refuge stations need to be built as the mining moves out further. Big bucks and small returns near break even. The machinery like scoop trams , trucks and drills get warn out and need replacement. We are making big money to support exploration but just peanuts if new infrastucture must be replaced. If our inventory gets so attractive multiple suitors will be at our beckoning call. LSG is not making enough to pay a dividend right now and won't likely change unless we encounter higher gold values or the price of gold move higher...much higher. LSG mines gold not nickel or copper or steel or coal where tonnage of large scale means more profit. LSG has little pockets here and there. We just need a whole lot more here and there close to the current infrastructure. Only exploration can accomplish that task. Just my thoughts. The idea of making the mill a bit larger was in preparation of the day when prices rise and more work places are available. Slow painful task for us shareholders no matter how we slice it. That is why the SP is low. At least we are a low cost producer and the USA dollar is strong.