Lake Shore Gold Corporation (LSG)

[MoneyJames]

Hi Stanner, I never suggested that Tony is misrepresenting the company, but that he released estimates in the past (before I invested in this company) that he was unable to deliver on.


Here is my personal opinion:

Some investors probably lost a lot of money when the share price came down from $4.00 to $1.30, and then some more (myself included) had to average down on the drop from $1.30 to $0.30. Market pessimism is baked into the share price.

I hung on, seeing the potential with the amount of ounces they have in the ground. I currently own close to 40,000 shares. Before the gold crash in April, the share price was in the 0.60's, with pessimism cooked into the price. I think that $1 is attainable by January 2014, and here is why:

- They achieved their production target for 2012 (85,000 - 100,000 ounces), mining 85,782 ounces in 2012.

- They have lowered costs, and will ramp up to 3000 tonnes per day in the coming months. After a rocky road, they are moving in the right direction now, but the market is so bearish on gold for no good reason. Once gold recovers, and the market realizes that Tony is delivering, we will make some money.

- Gold will recover. The economy is still in shambles, no matter what mainstream media says.