GREY:LBEFF - Post by User
Post by
northerngirlon Jan 05, 2007 11:24am
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Post# 11961702
what's up with that!!
what's up with that!!Seems to me that comparing ISM and LBE is like comparing apples to oranges....realistically, how is a stock price in the 2.50 range justified...based on where they're sitting right now......if this was reasonable..we should be sitting at $6.00 dollars or more! lol
1. .3% Ni give poor metallurgical recoveries without a hydrometallurgical process, which is very expensive. We had better results at the onset...and still could not find anyone locally who could process our ore...when we needed it...and at a reasonable price...which is why we opted to build our own...so..good for those investors making money..but I can't see the value there..and by the way..I wonder where that 43-101 report that was supposed to be released last July 2006 is?
....The deposit requires a lot of overburden to be removed before getting to the .3% stuff. Expensive pit to develop ...a lot of hauling...and that isn't cheap either...and....
If nickel prices fall in the next 2 to 3 years..which they probably will...a company will have to have very rich properties to be profitable if they must rely on other companies to process their ore.....in my opinion anyways...but with LBE having their own mill, infrastructure, equipment and 2 mines in operation soon, 3 drills turning to prove up/find more mines..we will do very well, even when nickel prices drop....which they will..
As I look at the map on the Langmuir qualifying report, it is clear to see that we have a large area of the Shaw Dome;
Liberty owns the claim 1224497 with the remaining deposit of 255,000 tonnes and the shaft to 1500'; Inspiration in their releases say that their property is approximately 25 km southeast of Timmins, Ontario, and hosts the past producing Langmuir No.1 Mine, and majority of the past producing Langmuir No. 2 Mine.?????
We also own adjacent claim to the south east 1224498 and one to the north of Starfire's drilling 1224499. Metal Mines is now owned by Inspiration. We own all the ore and projection at depth from the main zone alongside the shaft.
If there's something going on with ISM that we don't know about..I'd sure like to know!! By the way..happy New Year everyone...esp. the longs who have been around a long time! including the Timmins Cheering Squad!!