Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: tyc:> who wrote (6887)	8/17/2005 9:30:38 PM
From: tyc:>	of 8273

Re Lake Shore Gold LSG.v The news report I linked in my last posting contained the following paragraph; "Timmins West Gold Property Pre-Feasibility Study Update "Work continues on the Timmins West Gold Property pre-feasibility study (see January 6, 2005, news release) ..........(cut) Preliminary engineering estimates for mining and milling costs are considerably better than expected and support a lowering of the resource cutoff grade (currently using 6 grams gold per tonne)." Here is the comment of a poster on the Stockhouse thread; "In 1997 Holmer confirmed 1.48 million tons (prior to discovery of the ultra mafic zone)grading 7.98 grams p/t. This was based on a 3 gram cut-off and a mining width of 6 feet. The price of gold crashed from $385 per ounce to $250 per ounce and consequently, Watts Griffis McQuat(WGM) increased the cut-off grade to 6 grams per ton. LSG has indicated they are reducing the cut off grade from 6 g/t. It would not be surprising that by reducing the cut off grade back to 3 g/t, the tonnage will increase exponentially, and the # of ounces could double to 2+ milion. This of course does not include the new properties".

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