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

Good Money Ahead

[goldhappy]

LSG will produce 4 gm + gold per ton at rough $40 per gram = $160 per ton revenue

LSG should be about $100 per ton production cost leaving $60 profit

At 3000 tpd times $60 profit that is about $180,000 profit per day

365 days times $180,000 = $65 million annual profit at the current gold price

I know about debt, tax and capital etc

With the capital spending curbed $65 million is hardly a company going broke

It is hardly a company that can reward shareholders at this time thus a low share price.

[materialsgirl]

goldhappy;  Firstly I am glad that you are happy. Secondly, your optimism is nice to see. Sadly you need to see an accountant to explain what profit means.   LG was going to be cash flow negative at $1,600 gold this year.  Earning a profit was not in the works at $1,600 gold so no matter how happy you are there will be a large loss in 2013 if current gold prices prevail.