Buyout Value for Lake Shore Gold
 
These dollar estimates are all guesses.
This information could contain errors.
This entire exercise is just a guess. 
Post your own answers to cross check.
Due your own due diligence.
 
 
Timmins West Mine   $300 million
Bell Creek Mine         $300 million
Bell Creek Mill            $400 million
Whitney/Halnor          $120 million
144 & Gold River       $400 million
Juby                           $200 million
Fenn Gib                    $250 million        
Gowganda Silver            10 million
Cash/Bullion                   90 million
Debentures               -$100 million
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                             around $2 Billion 
  25% margin of error  -$500 million
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                        $1.5 Billion Buyout Value
                       
                      
Break down of assets
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Timmins West Mine 
Probable               4.3 gpt    509,700 oz
Measured & Indicated   4.8 gpt    695,000 oz
Inferred               5.0 gpt    260,000 oz
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                                 1.5 million oz gold
 
 1.5 million * $200 oz/profit  = $300 million
 
Gold ore processed at Bell Creek Mill
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Bell Creek Mine
Reserves  4.6gpt  263,600 oz
Measured & Indicated  4.29 gpt 687,000 oz
Inferred              4.84 gpt 685,000 oz
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                               1.5 million oz gold
 
 1.5 million * $200 oz/profit = $300 million
 
Bell Creek Mill - 5500 TPD with addition of CIL tanks.
$400 million - Can be used to mill Goldcorp Borden 
Lake Gold ore - Probe
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Whitney/Halnor Project 60% LSG 40% Goldcorp
Measured & Indicated 6.85 gpt  708,600 oz
Inferred             5.34 gpt  170,700 oz
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                               1 million oz gold
 
Gold ore to be processed at Bell Creek Mill 6 km away
$200 million profit * 60%  = $120 million to LSG
 
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 144 & Gold River
 Guessing at 2 million oz 
 Gold ore to be processed at Bell Creek
 $200 oz profit * 2 million oz gold = $400 million
 
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Juby Gold 100% owned by LSG
 
From the Tyrrell Structural Zone
 
Indicated  grade  1.28gpt  1,090,400 oz
 
Inferred   grade   .94gpt  2,908,800 oz
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                          4 million oz of gold
 
There is another Trend that is parallel 
that hasn't been drilled.
This will probably get it to 6 - 8 million oz
 
(This is 45 km from Alamos/AuRico's Young Davidson Mine
Has 8000 TPD mill and about 6 million oz.)
 
Juby will be sold to Alamos for $200 million (guess)
 
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Gowganda Silver Project - 2.96 million oz of silver
valued at $10 million
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Fenn Gib  51% to Barrick if it goes over 5 million oz
 
Barrick has to come up with 2 times total investment
 
Measured & Indicated  .99gpt  1,300,000 oz
Inferred              .95gpt    750,000 oz
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                              2 million oz but lots of
                               drilling not added
                            Probably around 4 million oz
 
Should borrow $50 million and drill out to 6-7 million oz
 
Barrick would have to come up with at least $100 million
 
Total value  $250 million
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