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Strategies & Market Trends : Ride the Tiger with CD
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To: tyc:> who wrote (201553)7/26/2011 11:38:36 PM
From: Claude Cormier1 Recommendation  Read Replies (1) of 313046
 
I don't know where he is wrong as I haven't read his analisys.

What I can say is that:

1) quite a few other producers produce a lot more gold than LSG, have much much higher cash flows than LSG and have (or recently had) smaller market caps.

2) Hochschild got rid of their interest in LSG and it seems they were right.

3) At least one other analyst was recently bearish on LSG:

" CIBC World Markets analyst Barry Cooper is bearish on Lake Shore Gold ($2.16). The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Cooper believes Lake Shore will have to restate reserves at its Timmins mine in Ontario using a lower grade, leading to higher operating and capital costs. "

4) I said LSG looks expensive when compared to its peers. I didn't say that it was expensive relative to its NAV5%.
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