PrioritiesPretty Boy fabio1 is an avid reader of the official IR site of LBE [wailer has a site there also]; and the pretty boy would no doubt have pasted this information here. However since he's been visiting over there members have been complaining of the odour he leaves, and being efficient, we hate wasting money on Febreeze - so I'll save him the trouble. This information shows why there is lots of room for ahh....Randy....ahh to begin setting a record pace of exploration, he has left quite a bit of room for improvement. It should also make shareholders in both companies happy - those in LBE who believe the goal is selling nickel, and those in ISM who believe the goal is to have PR types tell how much nickel there might be.
In reviewing costs, policies, etc., I think it is worthwhile having a look at the priorities of management. In Liberty's case, the efficiency with which available financial resources are utilized. In the company I am using as a comparison - I'll let you decide for yourself. I will point out, that in both companies, the expense numbers I am using include an amount assigned for compensation options granted. There have been some defenders of the other company [including their MD&A comments] that would like to pretend that options granting is a nothing - it isn't, and I'm willing to debate this with anyone that suggests it is.
LBE numbers Jan 05 - Sep 07 [33 months]
Book value mining properties - $23,866,000
Book value plant and equipment - $34,614,000
Total expenses [Director and management compensation, promotion, "everything"] - $4,082,098
Deficit [accumulated losses] $4,269,000
ISM numbers Oct 05- Dec 07 [27 months]
Book value mining properties - $9,918,000
Book value plant and equipment - $ NIL
Director's & management compensation - $7,453,000
"Investor" relations - $3,766,000
Deficit [accumulated losses] $19,095,000