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Message: Re: It Doesn't Hurt
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May 01, 2012 11:36AM

LSG currently has 7.1 million oz. in total in all their mine sites,with 3.368 in M & I and 3.691 in inferred.

With a current M/C of $370 million,this translates to $ 52. /oz. in ground,which is also grossly undervalued ,when compared to TRR offer which translates to $83./oz.

Of course LSG has some ramp up issues, that they are currently addressing.

LSG is also a steal at the moment ,by any majors that are shopping around.

Sorry for detail here,but LSG is relevant to overall scope here and fact Probe has a J/V with LSG,on which we have heard zero.

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