GREY:LBEFF - Post by User
Comment by
legend7on Jul 03, 2009 2:34pm
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Post# 16115743
RE: RE: RE: RE: RE: RE: RE: RE: The little nickel
RE: RE: RE: RE: RE: RE: RE: RE: The little nickelSorry for the name calling but if it walks like a duck and quacks like a duck I am going to call it a duck!!
In response to your post. LBE is only a few months away from full production and if nickel prices stay where they are or are within a $1 then LBE will be able to payoff the Chinese Preferred shares and loans along with the interest so there will be no further dilution. I am confident that LBE cost per pound will be between $3 - $4 US when they are in full production so the only variable is of course nickel prices...In short they are in a much different time period of there development then they were in before they have spent the majority of the money allready. So yah I think you are wrong time will tell the biggest risks are the price of nickel and the cost of production but I am pretty sure most company's are worried about those two.
Do you not think they are in a better position as a company now then they were in the last year?