RE: NI43-101 [TxProInvestor]TXProInvestor,
What kind of a smokescreen are you trying to throw up, with your senseless charges. You're the wannabee geologist with no qualifications, that thinks he can scribble out a resource estimate like you'd calculate volume of a basement excavation. Your nonsensical efforts at coming up with this information does nothing but confirm your colossal ignorance on the subject - but you have the gall to misquote and misconstrue comments and actions by professionals, and a mining company that is converting Ni to cash, through their own mill - when your darling little company has been playing around with two drills, producing no reliable industry standard reports on their resource, and running behind on spending denunciated flow through exploration costs.
This issue of flotation recovery was known and discussed by others long before any so-called difficulties at Liberty-it has been known for years by those in the industry, was certainly known by Liberty prior to arranging mill contruction, and was discussed by others on this forum before the LBE mill was operational. Your comment about pure coincidence is an attempt to deflect the fact that this ISM situation at L2 is somehow related to purported handling difficulties at LBE.
And there was no suggestion that I noted, that said the low grade ore could not be mined, the point being made is that it may require recovery techniques beyond flotation that add cost to processing - this of course affects the economics of the ore in question - and this is considered in an NI43-101 resource valuation. Its is of course not the sort of thing considered in the kitchen table gymnastics that you and darcell use to conjure up a "valuation".
As for LBE changing its capital needs due to the timing of delivery and the commodity price, along with revisions to capital projects, these are not problems that are peculiar to one company in this business. The share price decline, as most would know, was common to all Nickel miners. The fact that capital budgets and capital needs required revision in light of the economy and commodity price would not surprise most people. Someone who worships a company who is doing less than promised in capital projects, and has already acquired its only capital asset [a computer costing $2,000], may not have encountered this phenomenon. Companies that are actually doing something other than dishing out compensation options, prepaying NSR's and trying to arrange an AGM - do have to adapt to changing business conditions.
You're wondering about LBE supporters missing the price decline on LBE - I'm wondering about all your claims for great take-over prices on ISM, as it was tanking. Seems to me like some of your grandiose estimates are looking even more unbelievable now!