TSX:LSG.DB - Post by User
Comment by
cre8valueon Jan 12, 2016 7:07pm
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Post# 24451907
RE:RE:RE:Moving along
RE:RE:RE:Moving alongBrahma,
You can bet that this bulk sample will be used to help determine the resource estimate.
They must have liked what they saw in the drilling at Christmas.
The market will be waiting to find out the grade on the 10,000 to 15,000 oz that they
expect to pull out in the "non commercial production" . Call it what you want.
$100 million in cash/bullion - they don't seem desperate - And don't tell me about the
debentures. They can choose to roll those forward with a lower interest rate now that
they have the cash/gold on the balance sheet to back it.
If each one of these out crops are in the 1 million oz range then , yes the trend is in.
Look at Bell Creek, Gold River, Timmins, 144 - multiple out crops. 4 - 6 million oz of gold?
That 5500 TPD mill will be busy for quite some time.