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The "tailings" are the leftovers from the processing of gold from some 100 or more years ago when the recovery methods (technology) was not as good as it is today and gold was worth maybe $20/oz. The "cream" has been taken out of these tailings, but with gold prices at $1,600/$1,700 per oz and based on assay results, LSTG employing new technology should be able to recover $250 million from these tailings. So is it "low grade" ore? I guess that question will truly be answered when the Wash Plant is up and running and LSTG can compare "cost of processing" to the amount of gold/silver recovered. Hope this answers your question.
Until they notify us that gold/silver is being processed from the tailings project and is generating $$$ or there is some spectacular finding from the drilling samples being done at the Mexican claim, who the "hell" knows. I guess hold on, keep you fingers crossed and wait to hopefully hear some good news. At least LSTG is actually doing something instead of trying to promote "vaporware". Plus, the trading volume continues to remain decent so the interest is still there in the stock.
Whatever happened to us being bought out for $170+ per share (LOL)
As I pointed out earlier, if the assay report that was given on the tailings is accurate, LSTG should be able to process $250 million + in gold and silver from them. There are certainly enough tailings that processing could take years (so LSTG won't be taking on any outside work). There are a couple of good things I like: LSTG is investing money in equipment and the processing plant. This means the test results must have warranted this move since it had to be approved by the investor putting up the $15 million LOC. Money from the tailings project could easily fund the remaining exploration/drilling required on the LSTG property in Mexico.
It would be nice to see LSTG generate some revenues and start releasing some positive news. Until then, we'll just have to put up seeing the stupid stock drop a penny a day or more.
Below is an email I sent to LSTG. Will advise when they reply:
In the updates being sent to investors, it was stated that shipments from the "Tailings Project" were started early. Since then, we've been advised that an "on-site" wash plant is being constructed to save shipping costs and increase profitability. I understand that the wash plan will consolidate the valuable ore present and saves a step in recovery, but I would think you would like to advise investors of the results that were achieved from the initial shipment(s) of tailings that were sent for processing. If these initial tailings were just shipped and have not been processed, don't you think it would be worthwhile processing the initial shipment(s) of tailings and publishing the results to increase stock interest and value?
Who knows?? Crazy stock. LSTG seems to go down every time they announce something positive. I'm waiting for them to start generating some revenues and becoming a true gold producer to see if that "finally" gets the stock moving in the right direction.
With a little luck, they'd pay cash for their farms when they went back
The last LSTG post sounds more like a "real" company to me than a bunch of prospectors (geologist) out searching for gold. Better than expected test results of the tailings that warranted an onsite processing facility, watching costs to increase profits - I like that.
The simple truth is we should know something here pretty soon which will make any further discussion moot. Either Lone Star is going to become a real gold producing company or not. Talk about "potential" is worthless. The "tailings project" (on the other hand) is tangible and could keep LSTG in business for years. We'll just have to wait and see how it literally "pans out"?? Have a good day my friend.
The LSTG promotion got me too, but I fine some things interesting with Lone Star that you don't typically see with "pump and dump" companies.
* They have a $15 million line of credit backing their exploration efforts (some "heavy hitter" obviously likes what they're doing and were willing to put their money where their mouth was).
* They are on the verge of producing potential gross revenues of over $250 million with the "tailing project" based on the test samples that were analyzed.
* I called Lone Star and they actually returned my phone call!! After a lengthy conversation, one of their maim objectives is to produce results that will bring their stock up to $3 a share so they can get listed on a major exchange.
Most of the other "start-up" gold companies you see promoted are hyped based on what I call "vaporware". However, Lone Star appears to be on the verge having some real assets with the tailings project and who knows what they might find "up in them there Mexican hills".
Even the stock price(although far from its promotion high) seems to be hanging in there with decent volumes being traded. If we get some positive news from the processing of the tailings, who knows where the stock price might go?
Risky?? Sure, but just take a look at NSRS that was heavily promoted and be glad you didn't fall for that one. Tens of millions of shares were being traded daily. In a matter of a few weeks, its stock price jumped up to $1.72 a share. However, being nothing but "vaporware", it just as quickly dropped to $.09 a share (currently trading at about $.14).
Keep your fingers crossed. Maybe we'll get lucky with LSTG. In my opinion, at least we have a chance here.
Smiles and good trading.
Crunching some numbers based on the test results that came back on the "tailings project", potential gross revenues appear to be in the $240 million range (plus whatever the zinc and lead are worth). If the actual ore processing confirms this, one would think the stock price would shoot skyward. Let's keep our fingers crossed.
Of all the "speculative" gold mining stocks out there that get "pumped and dumped" selling their "vaporware", it's so nice to see Lone Star starting to actually generate some revenues. I'm holding onto my shares. Keep it going boys/girls!!!
Saw the 60 Minutes' program on gold. India is not only in control of the call centers, they'll probably windup with all the gold too. Smiles
Crazy stock. The more good news your hear about Lone Star, the lower the stock goes. Maybe we need some bad news to bring it back up???
Then again the stock market in general just keeps going up even with Greece, Portugal, Spain on the verge of going bankrupt, the increase of foreclosures in the housing market, the unemployment rate (which they say is going down because the government doesn't count those who's unemployment benefits have run out), the huge and ever growing deficit, 43 states and a large number of cities who are also on the verge of bankruptcy and our lame government which can't seem to pass any meaningful legislation to correct the current problems. Damn, what am I missing???
Glad to see the "tailings project" started early and Lone Star potentially generating some revenues in the near future. The samples results were also encouraging. Seems Lone Star is making a valiant effort to achieve their goals and are much further down the road than many other gold speculating companies who's stocks are currently trading in the $1 to $2 range.
Hope we've seen the bottom. When I look at NSRS and MSTG well over a dollar, don't understand why LSTG is trading in the 40 cent range.
It would seem the $300K draw down allowed by the partner putting up the $15M LOC is a good indication of the money making potential for the "tailings" project. Any thoughts about this out there??
Well troops, apparently Lone Star found gold in the samples they took. After cutting the number of outstanding shares by 25%, wonder what it's going to take to get the stock moving up???
Check this out (copy and paste in your browser):
http://www.smallcapnetwork.com/Lone-Star-Gold-Inc-OTC-LSTG-Stops-Turns-on-a-Dime-But-For-a-Great-Reason/s/via/6540/article/view/p/mid/1/id/77/
Interesting how "Pumpdumper99" is trying so hard to discredit a stock he is short on. I've personally talked to those at Lone Star and their attorney. Sure there is risk involved, but the company "does" have a plan in place and just wants to make money like the rest of us. We'll know more when they begin work on the "tailings" project and start generating some revenues. Also, the results of the sample drilling should be coming in shortly which should tell us a lot. Pumpdumper99 talks about using our investment to light "stogies", but doesn't say anything about the $15 million line of credit they've been afforded (obviously, somebody thinks Lone Star is a good investment).
As mentioned before, Lone Star would like to get listed on a major exchange. Their stock needs to be trading between $1 and $3 a share and they are doing what they can to accomplish this as seen in their recent reduction in the number of shares.
Hopefully everyone will hang in there. I know I'm in for the long haul with my 8,000 shares and nothing would make me happier to see pumpdumper99 move on and employ his shorting tactics on some real scam. Have a good weekend and good investing.
PS:
In my conversation today, Lone Star was very interested in seeing the stock trading in the $1.00 to $3.00 range so it can get listed on a major exchange. They felt the other elements they needed to be listed on a major exchange were pretty much in place.
Talked to "Investors Support" today at Lone Star who are an investment banking group based in Chicago. Check to see if I missed any bad news that would cause the stock to drop so dramatically. Everything was just fine as far as what had been posted on the projects. They had no idea why the stock price had dropped and even had their lawyers check to make sure nothing "shady" was going on. Was pleasantly surprised to see the stock up 30% today after my call.
I was also advised that another positive posting would be coming out next Tuesday and not on Monday which is Martin Luther King's birthday.
Good trading troops