GREY:LBEFF - Post by User
Comment by
Nickel77on Oct 04, 2011 2:00pm
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Post# 19117529
RE: RE: NEWS THIS MORNING!
RE: RE: NEWS THIS MORNING!
Victor,
A while back I emailed LBE and was requesting some update towhen the Mill might finally commence production.At the time the company would not provide that information, as they saidthey were still working with the Regulators to finalize some approvals thatwere needed. (Most likely the tailings pond issues). It seems today’s new release must be the‘confirmation’ the company needed to see them get back to business.
Although it sounds like it will still take approximately 6months to get the Mill up and Operational,today’s news is definitely a very positive sign; something we haven’tseen much of in the past while. WithLBE’s drilling program ongoing at both Hart and Groves, hopefully some of those results willalso help lift the share price a little before production begins.
With the entire market in the dumps of late, and with all theproblems and issues LBE has faced over the years, this seems to be the first real sign of hope in a very long time.
Best
Nickel