GREY:LBEFF - Post by User
Comment by
quazzyon Feb 11, 2010 9:27am
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Post# 16774369
RE: RE: RE: RE: RE: RE: RE: LBE vs ISM
RE: RE: RE: RE: RE: RE: RE: LBE vs ISMaatozz said "where those mines will be 100% exhausted."
Have you read through the LBE web page or the historical NR's for Liberty?
Yes we have over 5 years of proven reserves/resources, but there is a lot more ore to be drilled up/mined.
Redstone has Ni more then 3000ft below surface.. hence why LBE is entertaining the idea of an electric rail system to continue mining at depth (cheaper/safer). As they mine Redstone they continue to locate additional mineable offshoot of the main zone with grades richer at depth.
McWatters is an intrusive structure that had to come up from somewhere and Ni grades are richer at depth.
Hart is open in several directions.
LBE managment is just being smart about reserve/resource drilling as it continues to drill from drifts within the mine to keep costs low. Should be an interesting summer.. as LBE gets back to exploring.
Quaz