Victor2009, Any More Predictions?Victor2009:
Just came across the article below. Given that LBE is spending $510,000 per month ($6,100,000 per year) on interest obligations to JJ, and exploration activities continuing, seems like the bleeding is fast and furious at LBE. Given that I see you like to make predictions on the ISM site not being an ISM shareholder, maybe you can make some predictions here as you are a shareholder. So far I, and many others, have been right on the money with LBE. Lets hear more of your rhetoric -- I need a good laugh!
PVB
Liberty to take Downtime for Maintenance
Tuesday February 22, 2011 - 18:00 PM EST
Liberty to take Downtime for Maintenance
Edmonton, Alberta CANADA, February 22, 2011 /FSC/ - Liberty MinesInc. (LBE - TSX), announced today that it has temporarily suspended itsmilling operation to address maintenance requirements and some issueswith its tailings pond. In the meantime, the mining operations at itsMcWatters Nickel Mine will continue at limited capacity and theexploration activities at its other properties will continue asscheduled.
"Safety and environmental issues are always at the forefront of ourconsiderations", said CEO Jay Richardson, "and this will enable us tore-engineer the mine and mill operations and to ensure that we continueto act responsibly and in the best long term interests of ouremployees, shareholders and the public."
About Liberty Mines Inc.
Liberty Mines Inc. is a producer of nickel and is focused on theexploration, development and production of nickel, copper, cobalt andplatinum group metals from its properties in Ontario, Canada. It ownsand operates the Redstone nickel concentrator near Timmins Ontario.
About Jilin Jien Nickel Industry Co., Ltd.
Jilin Jien is one of the largest holding subsidiaries of JilinHoroc Nonferrous Metal Group Co., Ltd., which was founded in1960. Horoc and Jien own four nickel mines, one molybdenum mine, onesilver mine, two smelters, seven refineries, and two chemical plantswith total assets over RMB 3.0 billion. The company professionallyprovides all kinds of nickel, copper, cobalt salts and nonferrous metalproducts for plating, chemical plating, battery materials andmetallurgy. Jilin Jien is one of the biggest producers of nickelsulfate in the world, with annual output of 25,000 tons. In September2003, Jilin Jien Nickel Industry Co., Ltd. was listed on the A-sharemarket of the Shanghai Stock Exchange with stock code of 600432.
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatoryauthority has approved or disapproved the information contained herein.This News Release includes certain "forward looking statements". Allstatements other than statements of historical fact included in thisrelease, without limitation, statements regarding future plans andobjectives of Liberty, are forward looking statements that involvevarious risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results to differmaterially from Liberty's expectations are: exploration risks;commodity prices; regulatory approvals; receipt of mining permits andleases; and assumed startup and operating costs detailed herein andfrom time to time in the filings made by Liberty with securitiesregulators. Forward-looking statements speak only as of the date onwhich they are made. The Company undertakes no obligation to publiclyupdate any such statement or reflect new information or the occurrenceof future events or circumstances, except where required by securitiesregulations. Accordingly, readers should not place undue reliance onforward-looking statements.
For further information please contact:
James A. Richardson, President & CEO
Phone (780) 485-2299 or 416-410-5297
Fax 780-485-2253
e-mail: jayr@libertymines.com
Source: Liberty Mines Inc. (TSX: LBE)
https:// www.libertymines.com
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