Post by
ossyw11 on Jan 23, 2015 8:52am
Some Thoughts
Its always good to take some profits as the buy and hold strategy is something that no longer applies. Most of the people on BBs are slightly more aware and therefor active than the average investor who buys blended products that are managed by someone else.
However, with that in mind, and knowing this story for a decade and extremely well, I and my fellow LSG investors are convinced that 144 is indeed THE game changer. The only thing standing in the way of $3 - 4.00 takeout was mine longevity (of course Tony and the team have done excellent work dealing with all of the other factors).
If you have a geologist who is familiar with the bounty in Timmins (and some of the discovery history) look at the Vancouver presentation, she will tell you that they have found the treasure box. Also keep in mind that some of the smart money has had their review of the core (as those preliminary results are now in the public domain), and have spoken in depth with management as to the blue sky. If the blue sky adds another (say) 3-4mm ozs, you have a billion dollar company.
Trade, stay long, buy on dips, whatever - but keep a core position in LSG as this one has 200%+ upside this year. It will happen faster than the rise to $4.00 last time - so the knife will be flowing up and it will be red hot. The added bonus to the fundamentals is that the shorts will be trapped. They will get some of my cheap paper when they least want to buy it. Remember, the loss potential to a short seller is unlimited. I would not want to be short this one...
Good luck to the longs.. Its been a bit of a long road (but also a wonderful trading stock for the believers)...JRMJ
Comment by
goldhappy on Jan 23, 2015 10:03am
Forgot to re-mention the cost of fuel savings. With the extra money Tony is paying down debt faster and saving us shareholders further dollars. geoffs you like that eh?
Comment by
goldhappy on Jan 23, 2015 10:08am
Tony is choosing the 144 dev of the truck drift (tunnel) above sinking deeper shaft at the Bell Creek site. The drift is cheaper. The gold production will be cheaper as it is close to surface rather than deep in the Bell Mine. The big outstanding question, the rocket fuel is how much gold at 144. What grade and volume. The diamond drills are doing the work required by geologists to publish an MRI.
Comment by
finnboy on Jan 23, 2015 11:39am
Goldhappy the other consideration with running that drift to the 144 deposit is there may be some lower grade resources in that development ore that they can blend in to their production from time to time. Makes it a win win as it will somewhat offset the development costs. I'm thinking there is a really good reason to have started that work already!! Gltal
Comment by
goldhappy on Jan 23, 2015 11:55am
Good point finnboy,I appreciate the information. On that note I expect extra diamond drill stations will be established on the way. This will allow shallow angle drilling to test true widths and steeper holes to check at depth. A win win for sure.