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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TSX:LSG.DB - Post Discussion

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Post by goldhappy on Oct 15, 2012 1:53pm

Another Senerio

LSG has the resource. The mill is not ready. LSG shovelled out the low grade for for a while now. The market continues to punish LSG. If LSG was in financial crisis higher grades would have been mined. LSG reported  some 90 millon cash on hand. Hardly a sign of a company in trouble. The mill has a few wrinkles. We will soon hear what Tony will share with us little people. Perhaps he will hit a home run for us. The low grade all removed as the mill reaches completion. Up come better grades. With that momentum the market will pay attention. Gold is forecast to start a new bull market dragging gold stocks higer. Can we expect a bounce?? The market will decide. One thing for sure I have not lost sight of the mill parts bought to expand to 5000 tpd and higher. Good days are ahead for those of us that wait. I'm sure the board is feeling the pain...likely more than ourselves. Stay the course.
Comment by bosse on Oct 15, 2012 2:15pm
D'ont you not think that if you would have been the manager of the mine you would have tried to increase the grade output from the previous quarter ?The street is very disapointed and we see that in the SP. We are left in the'' dark'',not informed of the new mill construction neither the drill results. What we have had are disappointed news..longer execution ...more  
Comment by finnboy on Oct 15, 2012 2:53pm
Hey Bosse, They don't really have a choice in the grades they are processing right now. They have to develop drifts and stopes in order to reach the planned mine locations where the high grade is located. Everything will come together in due time but they have to stick to the mine plan. They can't magically run through hundreds of feet of rock and start high-grading! People on this board ...more  
Comment by bosse on Oct 15, 2012 3:36pm
I d'ont think they will ever process 6,0 gr /ton unless they feed the mill only from Timmins West .They are processing   25% ore from Bell Creek where the grade is around  4,0 gr/ton or lower.The maximum ore grade will be 5,5 gr/ton which will be OK. I have been on this board for sometime now and I have been 'very'patient' May be that it is the ...more  
Comment by geoffs13 on Oct 15, 2012 4:22pm
All we can hope and pray  is that the BOARD SEES THE SHARE PRICE
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