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

All In Sustaining Cash Cost ( AISC )

[BradsMyName]

BradsMyName

July 04, 2013 09:45 pm

Gold definitely has to find a bottom first. Hopefully we are there already. Rick Rule who is part owner of Sprott has made the comment that gold could very well go to $1,000 before the bottom is found.

When Lake Shore Gold announced that its cost per ounce is down to $800 / $850 per ounce that is not the bottom line. What we really want to know is the All In Sustaing Cash Cost (AISC ) per ounce. You want to at least add $400 to that cost which brings you to approx $1,200 / $1,250 per ounce. Mines like Gold Corp and American Barrick, their All In Sustaining Cash Cost is approx $1,100 per ounce.

Something i thought you should all know. I'm still very pleased with the 2nd Quarter update by Lake Shore Gold. I'm buying more tomorrow

[idlefreebird]

Brad u r right our all in cost is around $1,200.00 mark and that would mean at $1,500 we would of came out with  $300..00 x 53,000 onces witch = $15,900,000.00 in the positive instead of negative.There will be better days we hope and when we drop to $700.00 cost that will add another $150.00 per once .The total outlook is 160,000 onces in 2014 will give us $16,000,000.00 per $100.00 over all