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

Exploration cost ...

[bossu]

The exploration cost (actual drilling at the 144 Gap and Bell Creek) is an expense and they had   $6,287,000 in the Q2.Otherwise the net earnings would have been $ 8,541,000 for the Q2.
Should the gold price stays at $ 1100 US for sometimes it will be difficult to see net profit for the H2 and probably for the whole year.
Total expense for the H1 was $ 11,981,000 and probably (  +/-) $ 25 MM for the total 2015 drilling program!
Just to say how important are going to be the results.to expand mine life and we might say that we are not be out of the wood yet!!..

[rollon]

They did a flow through offering to cover costs of exploration in the area of 20M. That provided the cash for that expense. They are expensing the costs as they go along. Once they define the ore body and come out with a proven reserve I believe they can capitalise those costs thus returning that expense to earnings and in effect increasing book value. We need to find a substantial deposit to move