Post by
idlefreebird on Sep 15, 2015 1:32pm
Well as I drove buy our new property this morning from work
I pondered on will Lakeshore go after a 85% deal as temex previously did... or will they just split the cost and gold on a 60/40 basis....time will tell but sharing the cost would be beneficial to us as getting our new mine going and drilling will be costly but rewarding... New times for Lakeshore and Timmins...We can now say that Lakeshore will be producing at a 5500 tpd output within 2 years...This output at 4.2 gpt would be 280,000 onces...Ibelieve we will be over the 300,000 mark by end of 2017...gltal and be long and strong,,,
Comment by
VanWilder1 on Sep 15, 2015 9:08pm
It is my understanding they get the 85% deal. IF you go through the inital paperwork on the Temex buyout, it is stated that LSG would fund the $1M to goldcorp to finalize the JV deal......in lieu of the merger taking place......... I am sure the next updated presentation will put the JV details to bed...... LONG LSG Van
Comment by
idlefreebird on Sep 16, 2015 6:15am
Than's Van... haven't went through the paper work... not like me but been busy...GLTAL