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

gold about 50 bucks per gram

[goldhappy]

4 gram/ton gold is worth about $200 per ton before any costs...not a lot of profit for a new mine

5 gram/ton gold is worth about $250 per ton...hardly worth bragging about.

LSG need to bring up the long trem mill tonnage for this low grade mine. Another opportunity is to explore the properties for higher grades. A third opportunity is to ride it out for potential higher gold demand and prices.

   It appears Tony is guideing our company back into the black.We blogged LSG as a take over target several times on this blog site. With the current low grade production I really don't see any high grade mine wanting a low grade low tonnage producer. Why would they risk all the money for a take over?Seems like way too much work for the low return. Perhaps there is a reason why the production grade is being held down??

I was pretty excited when we were at 200 million shares. Now at 430 million the pie is just too small. Over time ...say plus 5 years maybe I will see some of my $4 share money returned. I don't have the funds for a complete double down purchase. Anyone getting in now will have a big smile. Good luck to you folks. I would like to hear some other more optimstic opinions.

Making large stockpiles won't help much as the mill can only handle 3000 tpd. Higher grades with our small mill is the best way to go. High grade Timmins West to finance a large mill to handle all low grade mines and the Fenn Gibb pit.

[yoda2]

I agree. With over 400 million shares the value of each piece of the pie is way too small. Hindsight seems to state clearly -- going from 200 million shares to over 400 million was not so smart. The major cause of this increase was management's enthusiastic acquisistion of Thunder  Creek with a share issue. The ore quality did not prove to be as good as anticipated by LSG management prior

[dogwag]

You say management should have been replaced but Tony begged the board of directors to buy WTM 2 years prior for about 60 million and then again at 100 million and they finnally said yes at $260 million and the Board of Directors are to blame and that is why TONY is Still here.So before you blame Tony KNOW the FACTS!!!

[idlefreebird]

dogwag , no need to worry my friend the 3,000 plus tons per day is right around the corner and the mill is humming as per gold pour . The mill at 2500 tpd and 4 plus gpt will produce another healthy week. GLTAL

[BrahmaViddo]

What makes you think they will ever mine +4 g/t material... they need to rethink their mining methods or the SP will never see anything north of $1 again

[goldhappy]

The way I see LSG getting to 4 bucks is in one or all of these scenerios... 1    mine higher grades...this will tend to curb life of mine 2    mine and mill much higher tonnages...this will include capacity to mine FENN GIBB 3    exploration drills "proving" gold resource and finding higher grades 4 much higher gold price Mining at current

[idlefreebird]

Brahma , not to hard to figure out there gold pours will indicate what is going on.The complicated thing is to figure it out as if they had a gold pour this week like last weeks it is either good grades or higher tonnage to accomplish what they did appr. 3,000 onces.Therefore 2500 tpd x 4.3 gpt = 345 onces a day x7 days =2419 onces a week .Then 2500 tpd x 5 gpt = 401 onces a day x 7 = 2813 . Time

[Timminsgold]

LSG has re thought its mining plan and for the near term will employ a "traditional" mining " therefore, mining the normal widths and avoid large amounts of "waste rock". This should result in the mill head grade closely matching the grade of the mining stopes. It is taking time to implement these changes, however, we should see improvement in grade very quickly.