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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: loantech11/13/2009 8:48:44 AM
   of 48092
 
Globe says Lake Shore could see rapid growth in NAV
Ticker Symbol: C:LSG

Globe says Lake Shore could see rapid growth in NAV

Lake Shore Gold Corp (C:LSG)
Shares Issued 317,815,793
Last Close 11/12/2009 $4.03
Friday November 13 2009 - In the News

The Globe and Mail reports in its Friday, Nov. 13, edition that Lake Shore Gold retreated 12 cents to finish Thursday on the Toronto Stock Exchange at $4.03. The Globe's Allan Robinson writes in the Eye On Equities column that the stock has a one-year range of 60 cents to $4.37. Wellington West Capital Markets analyst Paolo Lostritto says Lake Shore continues exploration at its Thunder Creek property near Timmins, Ont., which could lead to rapid growth in the net asset value. Exploration continues at Timmins West and Bell Creek near Timmins and the Casa Berardi in northwestern Quebec. Mr. Lostritto rates the shares "strong buy." He targets the stock at $5. The Globe's Scott Adams was bearish on Lake Shore in the Number Cruncher column on Oct. 9. The stock was then worth $3.45. The Globe reported on June 3 that BMO Nesbitt Burns was keen on Lake Shore. It was then trading at $2.36. BMO Nesbitt said it liked Lake Shore based on its strong growth trajectory, potential for low-cost production and its "valuation discount relative to peers."

2009 Canjex Publishing Ltd.
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