GREY:LBEFF - Post by User
Comment by
millrighton Mar 17, 2008 2:58pm
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Post# 14734834
RE: ISM versus LBE
RE: ISM versus LBEpretty boy fabio1,
Prove you wrong - you're already proven wrong. LBE was profitable in Q4-07. The last financing was to buy up some more property - LBE already has 25 times the property in this area of that little wannabee ISM. LBE is producing and expanding the mine it took over, developing two new sites. ISM still hasn't managed to apply for a dewatering permit to explore the mine it took over, no new sites, and a pitiful [not pit] piece of property with some borderline economic grades.
LBE will have annual cash flow in excess of ISM current market cap, by this time next year. If ISM is still around, maybe LBE can rescue it from the bankruptcy trustees - not likely though, we'll have better places for our money.