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

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > Lets not forget....
View:
Post by goldhappy on Mar 09, 2015 5:56am

Lets not forget....

With a strengthened balance sheet,
the Company has made a renewed
commitment to exploration drilling. In
addition to supporting production, the
Company’s drilling program during 2014
focused on replacing reserves mined and
also pursuing new areas of resources.
An important development occurred
during the second half of 2014 when the
Company identified a new zone of wide,
high-grade mineralization to the southwest
of its Timmins West Mine. The new zone,
called the 144 Gap Zone, has been outlined
to minimum dimensions of 350 metres
along strike and 350 metres to depth.
Aggressively advancing the 144 Gap
Zone is a key priority in 2015.
Comment by idlefreebird on Mar 09, 2015 9:22am
Goldhappy , as they have been doing with 10,000 meters of drill core a month .lakeshore should be giving us a couple of releases by month end as another round on 144 gap and the updated Reserves for Timmins West and Bell Creek .The gold pours are showing 180,000 plus onces are in the forecast for year end so I'm looking foward for year end net debt zero .The turning point is right around the ...more  
Comment by Allthewaydown on Mar 10, 2015 8:47pm
Went to the LSG presentation at PDAC down in Toronto last week. The company does not fail to impress. The priorities are rational and very clear - 1. pay off Sprott loan (Q2/15). 2. Generate free cash flow (est. 90-100M by year end). 3. Replace ore mined, and define the reserve size for 144 gap. (No difficulties anticipated here - they already have reserve replacement in the bag). Very well run ...more  
Comment by dutchmann64 on Mar 11, 2015 11:39am
....your are spot on with your assessment. This is the moment of capitulation that sprott was talking about in an earlier article. If you have the "stones" , buy more.
Comment by mary-ally-smith on Mar 11, 2015 12:24pm
I disagree, I say POG above 1300 in June.
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