GREY:LBEFF - Post by User
Post by
victor2009on Aug 23, 2010 4:36pm
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Post# 17376019
Who should be believed?
Who should be believed?
The bashing crew makes many negative claims about the prospects of LBE.
-Their qualifications to state an opinion on the viability of a mining company? Simple, they are unqualified.
-Their past history on assessing an investment in a mining company ? Also simple, their investment of choice has been involved in the Shaw dome longer than the present management of LBE, and have proven up nothing, as per the independent 43-101 report prepared by Micon - in other words, if they know so much, how did they get fooled by this failed mining experiment?.
Yet this crew, completely lacking credibility or qualifications would have us believe that their conclusions should be believed over independent experts. SRK Consulting has prepared NI43-101 reports on the three LBE properties in the Shaw Dome. The reports contain the opinion of these experts, stating that the mines are economically viable based on a Ni price of US$7 and an exchange rate of 90 cents. The conclusion that the mines are economically viable is equivalent to saying that over the life of the mines, revenue produced will be sufficient to cover mine capital costs, direct mining operation expenses, and general & administration expenses, plus provide an investment return.
The bashing crew says that this interpretation by independent experts is not correct.
Who should be believed? I'd say that's about the easiest decision anyone will face in their lifetime.