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

IDM

[SKRiderFan]

exactly what are we getting with IDM ?

[shawk]

We're getting the highly prospective Red Mountain property inNorthern B.C. Red Mountain (click here)

[SKRiderFan]

red mountain would be a very costly mine to develope and seabridge has title claim, barrick has royalites and then there are the native bands so i dont see what we are really getting for idm except for share dilution

[rusted1]

what dilution?

[shawk]

Costly? Only 76 million to put into production. There's a road only 7 km away, power nearby and a large amount of UG development including production sized decline (no need for expensive shaft and hoisting), did I mention it's very high grade, can be mined with bulk UG mining methods and is very prospective for more reserves. Seabridge does not have title, they have a streaming agreement

[SKRiderFan]

the info i read was from northern miner, according to the banks island pea the cost to develope the mine was 163 mil and the pea was based on us1360$, but perhaps i didnt voice my opion correctly, my opion is we have a lot on our plate with the 144 and the tme and think we should focus our efforts there instead of empire building

[kkkrrrr]

the investment in IDM are peanuts and this Red mointain-project looks great ...very low cost mine with huge exploration potential ,,, IRR near 40% .. why not? i like it

[SKRiderFan]

yeah kk, guess u are right the investment is peanuts just owned Nortel and abx in the past and know the dangers of going too big too fast, did good on both but in hindsite might have been dumb luck