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Re: Dellucci post# 2039

Tuesday, 07/30/2013 7:05:23 PM

Tuesday, July 30, 2013 7:05:23 PM

Post# of 4941
I've been monitoring the board, but have been disappointed with the lack of news like everyone else. I'm still holding on though and waiting for the quarterly report to come out in mid - August. If there is no news about the 6000 tons at the federal plant, I'm not sure what action I will take, but it may be time to say farewell to LSTG. I know some others posting here believe that Ferris should sit back and do nothing at the moment, but even though silver and gold are down, I believe LSTG needs to start processing and selling silver from the tailings to remain solvent and to provide funds for the Candelaria project. It shouldn't be very expensive for the tailngs to be processed and they only have to be trucked a few miles. 10 million ounces of silver still equates to over $190 million at current prices. I believe 10 million was the tailings silver estimate!