GREY:LBEFF - Post by User
Comment by
angler21on Oct 12, 2007 8:00pm
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Post# 13565491
RE: Stock Price
RE: Stock PriceNice post Bear. It puts LBE in context. Nice news release too. I read back on BubaBobs post on the Inco Anomale. 250m x 450m which is 112,500 sq meters. The weighted average for the drill intercept results is 2.7785% over 13.97 meters. This could also be represented as 100% nickel over .388158 meters. That is 43,668 cubic meters, assuming (big assumption) that this amount of nickel exists over the full area of 112,500 sq meters. Now a cubic meter of Ni weighs 8800kg (specific weight 8.8 kg/dM3). Thats a whopping 384,276,420 kg or 845,408,124 lbs. which at todayès Ni price (5/4/2007 dte) is worth $20 Billion US)
Todays news hole RS07-09B From 964.00 to 972.17 returned 8.17 m 1.62% Ni, 2.17 m Ni% 3.84 and 0.35 m 13.85% Ni. There are some nice grades here. On May 4 2007 PR 13-07 they refer RS07-6A from 1131.50 to 1136.15 m 4.65 m at 3.62Ni% and included 1.75 m at 7.13%Ni. Hole 8a had .7 m at 14.2% Ni. Some pretty nice grades.
The new copper zone interpreted to be the same body that hosts the McWatters Ni deposit 2.35 km east sounds pretty exciting too. Feb 7 in NR 4-07 says that the second claim Liberty bought showed historical and recent grab samples of a surface exposure that yielded 5-7% Ni. Sounds like some pretty exciting news. If we can find where the surface samples came from and they are on the McWatters body. Things could bode well. Just my opinion.