The start, like all starts towards the old high and well above, should be slow with more unfolding drama. It will build on itself but gold will trade at and above $3500. I am now as certain of this as I was over ten years ago when I told you gold was headed for $1650. I knew that as fact and to me from $248 gold was trading at $1650.
My job now is to define gold’s full valuation for you when it occurs. The timing is no less than one year from now to a maximum of three years from now. I believe I will be able to do that for you.
This is the most important message I have written you since early in 2001. I write this with total intellectual and spiritual certainty.
Lake Shore Gold Reports Strong Second Quarter Production of 24,426 Ounces of Gold TORONTO, ONTARIO--(Marketwire - July 4, 2012) -
Gold production for second quarter 2012 of 24,426 ounces with 183,215 tonnes milled at average grade of 4.3 grams per tonne ("gpt")
Gold poured during second quarter of 24,298 ounces, while gold sales totaled 24,915 ounces at an average gold price of US$1,605 per ounce
Continued strong mill performance including average mill throughput of 2,013 tonnes per day ("tpd") and average recoveries of 96.8%
Company remains on track to achieve target of 85,000 to 100,000 ounces of gold poured in 2012 and to exit year positioned for strong production growth in 2013
Exploration success during second quarter included major extensions of high-grade core at Gold River Project and expansion of Fenn-Gib mineralization in multiple directions, as well as identification of new exploration targets at both projects
Cash resources, bullion inventory and Sprott credit facility provide Company with total capital resources of approximately $120 million.
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