TSX:LSG.DB - Post by User
Post by
goldhappyon Dec 31, 2015 11:25am
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Post# 24421824
It's a Growing Company
It's a Growing Company We do not hang in the balance over the final production number. Take a look at the bigger picture of a growing company. The last decade established 3 minable ore bodies. Timmins West , Thunder Creek and the Bell Mine which are self sufficient. The 2 current mines had to be fully explored and then developed and put into production. A mill expanded to 3500 tpd was also funded. This was all done during the great reccession and the crash of the gold price. All money borrowed is pretty much paid back with $100 million in the bank. The debentures are waiting in the wings...not sure what can be said about them right now. The cash saved plus a couple months of production will give us cash equivalent of the debentures.
The stock price is way under valued for us share holders but not the market place. We will not get a lift in stock price or a dividend based on 170,000 , 180,000 or even 190,000 oz that would make us rich in January. No we need more proven resource along with mill expansion and a lift in the gold price to have a major stock price lift. New found or aquired resource is going to help in the decision making. A company expansion can't take place until the resource is proven to be available along with a strong balance sheet. This would then enable the development and construction required to get a good leg up on profit. I for one think it is still a good 1 to 3 year wait for that production. Tony will help explain this in 2016. That's his job.