GREY:LBEFF - Post by User
Comment by
victor2009on Sep 22, 2010 5:23pm
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Post# 17480960
RE: RE: RE: Wish and a prayer
RE: RE: RE: Wish and a prayerRockbottom,
And what have my LBE predictions been? That I considered the risk/reward on LBE worthy of investment. I didn't come out with some pie in the sky numbers of $64.40 in 2007, as you did on ISM. And I didn't hype world class "Voise" Bay deposits of millions of ounces like you did.
The LBE business plan has been to become a mid tier producer. LBE has had less time to execute this plan than your investment of choice has had to achieve their business plan. LBE will be classed as a mid tier producer within the year. Does it look to you like ISM will sell out to a multi-national for mega bucks (your market cap estimate was $5 billion in 2007) ever? LBE did anything but squander, in execution of their plan. The LBE CEO manages money like it was his he was spending, and it was aimed almost fully at mine and mill development, and it resulted in three economically viable mines and a State of the Art mill. ISM spent more money on promotion and administration than exploration, and in terms of coming up with an economically viable property - in a longer period of time they have come up with squat!
LBE continues to concentrate on its stated business plan. No one seems to know what business plan ISM is following, apparently including those responsible for guiding the company.
You don't think LBE can achieve their business plan. My point is that, given your track record, I am one of many that could care less what you think.