GREY:LBEFF - Post by User
Comment by
victor2009on May 20, 2010 12:12pm
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Post# 17118318
RE: 3rd Ball Mill
RE: 3rd Ball MillThanks bigwilly. As usual you get the news to the forums, hot off the press.
This is another confirmation of the progress towards the stated goal of getting to mill capacity in June. Rocky, suggested that LBE had never made any cost or production targets. When challenged to back this up with a target that had been missed, he went silent (which is a pleasant state).
The mill is a key element in LBE production. It was brought in on or under budget, and in record time - on schedule. The upgrade to design capacity has now been commissioned on schedule. Two examples of cost and production targets being met. The criticism of naysayers continues to be shown as being without merit. Redstone Mill will be one of the keys to LBE's becoming a profitable low cost producer, from its Shaw Dome reserves. No other company in the area has yet brought their properties to the point of identifying economic reserves. LBE, in less time than the highly promoted neighbour, has identified three economically viable mines, done the permitting, mine development, and is a month away from mining to mill capacity and showing actual economic viability - confirmed by banked nickel revenues and financial statements with significant net income. Compare that achievement to what has happened in rocksolid's investment of choice.
The progress towards ramping up to full production continues successfully and on schedule. Management in this company sets out their full plans to the shareholders and public, gives regular updates on progress, and if there is no interference from forces beyond its control - meets or exceeds expectations. You won't see any lynch mob being organized to go after Gary Nash at the LBE's upcoming AGM. He continues to move ahead, and the numerous critics keep falling by the wayside - not one of them man enough to admit their error in judgement.