GREY:LBEFF - Post by User
Comment by
ExSudburyGuy2on May 27, 2008 12:11pm
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Post# 15114470
Hey Nickel
Hey NickelJust to be clear, I'm NOT saying LBE only has a year of mining left. If that were the case, I would never have bothered to buy back in. But right now, we don't really have much insight into the future of the operation.
That's why it's a risky play and the shares are where they're at.
I hope you're right, they come out with the NI 43-101 on Hart and it shows a good-sized deposit. That'd be good for the company, the current shareholders, and would probably entice more people in and push the share price up.
I was only trying to explain why I think the current price is stuck at 70 cents. Limited production for the next couple of years and uncertainty over what's to be done after that, would account for the current price.