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

4,3 gr/ton in Q2

[bosse]

I was on the impression that they were going to have a better grade in the Q2.

It twould be interesting to know when the are going to average over 5 to 5,5 gr/ton

They have milled 183,000 tons this quarter.So assuming a better grade (which will be reached soon)  , onces

produced would be 20 %  higher or 24298 X 20% = 29157 onces.It means that they are surely going to reach

their goals of   Q1 16891                                                     Q1 16891

                       Q2 24298                                                     Q2 24298    4,3 gr/ton

                       Q3 29157   (5,16 gr/ton ) assumed              Q3  24298   4,3 gr/ton

                       Q4 29157   5,16 gr/ton)                                Q4 29157   (5,16 gr/ton

total 2012          99503 onces                            or   total           94644 onces

So I'm pretty sure they are going to  easily reach  95,000 to 99,000 onces in 2012.

Lets be patient.and  suffer a couple more quarters  and we  are going to be rewarded.

[Timminsgold]

.  Tony has delivered and met forecast for the first time! The information I posted about a month ago is right on the money. Expect the grade in Q3 to average about 4.75/5.0 g/t. and tonnage will increase by 20% or so. In Q4 the grade will be about 5.5/6.0 g/t and it should be  a blowout quarter. Mill throughtput could increase by 20% or so. LSG is being turned around. Tony has learned

[bosse]

Timminsgold,  Very glad to see what you are saying. The only doubt I have is the mill grade going foward for Q3 and Q4. You seem to be better informed and hope you are right. 'The truck is full and keep it full for a year to make at least a'' double'' if not a ''triple'' Good luck to all ..  

[Vanchester]

I have a lot of respect for your posts Timminsgold but I think we have to call Tony's delivery as being only a "half met"  for the first time. Let's see if he can deliver on the costs to fully meet his forecast. A good start nonetheless. v.  

[Timminsgold]

Mining ccosts are a function of grade processed. As the ore grade go up, the mining costs should go down. Only a guess, but I suggest maybe $800 per ounce or less for Q2.  Recently LSG published some guidelines and if I recall, they are also forecasting much lower costs, when the no longer have to process development ore. I believe Q2 will be a fairly good quarter; Q3 will be at least 20