Interesting ArticleGot the following google update for lbe - the article is written in Chinese so I translated it from Chinese to English and here is what the translator came back with:
The ginn nickel industry investment buys stock Canadian Liberty Mines to attain the progress issue time: on April 30, 2009 originates: Chinese colored net On April 29 news The other day the ginn nickel industry learned that the corporate investment bought stock Canadian Liberty Mines the Inc. item already to obtain TSX (Canadian Toronto stock market) to permit. TSX requests Liberty Mines Inc. to complete internal financing before May 22. This item must obtain the ginn nickel industry general meeting of shareholders to consider through authorizes with the Chinese government Department concerned. The public material demonstrated that Liberty Mines the Inc 0.3 nickel ore project resources reserves equals 2,972,000 tons, including nickel 47,000 tons, average nickel personal status 1.57%. Chief-editor: hoping disclaimers: The Chinese colored net carries this article not to constitute the investment to suggest that only refers for the reader. If according to
this article operation, all consequence reader is proud, the Chinese colored net does not lose any responsibility generally.
I take this to mean that there are 3 mines [redstone, mcwatters, hart] which total 2,972,000 tons at an average of 1.57% = 46, 660.4 tons x 2200 = 102,652,880 pounds
@$6/lb = ~$616 million
@$7/lb = ~$718.5 million
@$8/lb = ~$821.2 million
@$9/lb = ~$923.8 million
@$10/lb = ~$1.026 billion
Happy Trails,
-B1-