GREY:LBEFF - Post by User
Comment by
victor2009on Aug 20, 2010 9:46pm
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Post# 17370887
RE: All the really matters: The Facts!
RE: All the really matters: The Facts!Rockbottom,
With that 74% collapse of your company of choice, you would likely be happy with a dead cat bounce - or a bounce of any kind.
The facts that matter to LBE supporters is they have been provided with three independent NI43-101 reports setting out nickel reserves and potential for extending these reserves. They are currently mining two economically viable mines, they have a third one that will be ready to take over the supply of feed stock to continue running their state of the art mill at capacity. LBE shareholders have the comfort of knowing that with the mill at capacity since July 15, and with the assurance of independent experts that they are operating economically viable mines - the company is now profitable (that's what economically viable means). And with that economically viable operation based on $7 nickel prices, the near $10 Ni price, and forecast of further increases is icing on the cake, for LBE shareholders.
The facts are in your company of choice is that after five years of exploration the independently assessed, economically viable reserves in your flagship property, and all other properties, is a big fat zero. Your mining revenue is zero, and the benefit from the recent nickel price increases that are forecast is zero. Your world is falling down around you - hurts, doesn't it Rockbottom.