GREY:LBEFF - Post by User
Comment by
marketmineron May 22, 2007 7:36pm
241 Views
Post# 12821489
RE: Marketminer/dudleydog
RE: Marketminer/dudleydogI'll compare stocks to anyother stock I want and post wherever I want... Here's the latest from the LBE website
Millright posts about resource estimates only show the ineptitude of some investors... to say grade times width is unimportent is to say that resources are unimportant.... and the market cap of LBE is proof of that statement... an operating mine without a compliant 43 101 report... go figure...
Then compare that to FNI million tones + proven and probable with numerouse high grade intersectons confirmed on the next level down...
Also how's the custom milling going....LOL
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At cession of mining, an inferred resource of 182,000 tonnes grading 3.28% Ni remained above the 335m level.
Although this historical resource does not comply with NI-43-101 standards, the Redstone was considered by management as a “company maker” because of the cash potentially generated from this accessible part of the mine. Pre-production began in May 2006 with the first nickel in concentrate shipped to China July 2006 under an Off-take Agreement with Jilin Jien Nickel Industry Company Ltd.