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

RE:how much does the 144 release of today increase lsg's value?

[Bean_and_Dunn]

Thanks for your input. 

Only 621,000 ounces in the indicated and inferred category, eh? Why thats nothin worth talkin about. Right.

By the way those numbers assumes $1,100 US gold price and an exchange rate of 90 cents canadian to the US dollar. 

Heh, board members, where have you been for the last several months. At closing today the exchange rate was US$.7183 / CAN$1.00. If you don't understand I will explain. Wages are paid in Canadian dollars. So for each ounce of gold Lakeshore produces they receive presently $1,654,10 CAN at today's close. During the past year the price of gold has been much higher than US$1100 for the majority of the year. In the past 5 years gold has been far, far higher than US$1100. I can see being conservative, but you should also publish not just the worst case scenario.

It appears as if this board is trying their hardest to make the case as to why you shouldn't like the company anymore. Something is really stinky here.

Board members could we please have the amount of ounces after taking into account the present US$ exchange rate and the present price of gold? The one published in the 144 reserves report was in my opinion lmisleading.

Full and accurate disclosure this time, please.


B&D