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

What's a fair value of this?

[Oilminerdeluxe]

They are in a safe jurisdiction, solid production ans costs are going lower. and they appear to be finding new reserves in the 144. Any fears of a takeover soon?

[Shlinker_]

No fears, a hope of a take-over - Im sure it would be north of 1.60/share I see fair value as at the price right now. Golds low, no resource estimate yet for the 144 or other properties, costs are good, little to no debt. Come on IMG!

[heystupid]

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[goldhappy]

180,000,000 oz    times    $350 CAD Profit   =   $63,000,000  before exploration and dev. capital  About 14 cents a share...take half out for capital spending = 7 cents per share profit At $1 per share that is 7% return Maybe the stock is trading about where financial advisors peg it ...... The exploration finds will lead to more gold ore

[goldhappy]

Forgot to mention if they stop spending the mine will eventually close. If the price of gold heads up it is all profit and the reverse is true if the price of gold drops lower.

[ub40eh]

GH, LOVE your idea of .14 cent earnings per share. We are trading at 49.9 X earnings now...... if we were at .14 and the same P/E we would be trading at $7.00 :)

[Rescue9]

"If they find enough gold to supply and expand the mill the price should rise." No ifs ands or buts,they found more at 144 and Whitney. R9.  

[heystupid]

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[rollon]

Currently the book value is about $1.10. If drill results are positive then the Net Present value will be as follows using $1075 Gold and 10% cost of capital. .5M OZ=1.30 1M=1.55 1.5M-1.80