Another difference is Hochschild, who has a 1.4 rating on the list, is now active in Timmins with their huge stake in LSG/WTM. They are going up against G in their backyard publicly as G and LSG just signed a deal on Ocrtober 29 for Bell Creek West. Kind of reminds me of Agnico forcing G's hand on GEA. Hochschild wants LSG and LSG tried to block with the G deal.

Mr. Makuch added: "We value the excellent working relationship we have established with Goldcorp in the Timmins camp and very much appreciate Goldcorp's efforts in working with us on this new opportunity. Once the transaction is completed, we will be adding historic resources located within 500 metres of our existing mine infrastructure with significant depth potential, multiple targets where the presence of gold mineralization has been demonstrated and considerable land along the New Mine trend that is yet to be extensively explored. We are also adding land positions around our Bell Creek property that will support our expansion plans for the Bell Creek mill."

Consideration for the proposed transaction totals $20-million, including $15-million of cash and $5-million in Lake Shore Gold common shares. The Porcupine joint venture will obtain a 2-per-cent net smelter royalty relating to any future production from the properties. Completion of the transaction is subject to receipt of regulatory approvals, with closing expected in December.

This needs to happen to San Gold and would be quite the soap opera for the board.