GREY:LBEFF - Post by User
Post by
northerngirlon Aug 22, 2005 11:35am
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Post# 9442096
Brumell.. you asked??
Brumell.. you asked??Brummell,
Regarding your POINT NUMBER 1
please check the press releases again for McAra ...At .5-1.5 intersection over 200 m strike length to 65 m depth with an sg of 3.2 give a tonnage app. 41,600 grading around 4% Co. Of course that's not enough to have a 43-101..we need more drilling first..however, the potential here is great...yes, it's potential right now....but so are all mum's projects and look at their share price???? AND THEN...
POINT NUMBER 2
They have a "signed agreement" by fax with the Chinese; until the "formal" signing this fall, they really are not in a position to reveal the name of the co
Once the agreement is signed, surely details will be made available and reported in quarterly reports.
POINT NUMBER 3
You really seem to think a mine is out of the question based on info provided earlier..Then how do you justify the possibility of having an open pit mine on your property? the word is "potential" here again..but check the news release of Jan. 15,2004 for LBE..."8.8% Ni over 3.5 m in the BOTTOM SECTION of a 1.47% 36.2 m hole (#03-04) and #03-02 had 118.5 m of .78% of which the bottom 9m was 2.07% inclduing 2m of that at 5.5% THEY'RE NOT EVEN LOOKING AT THE UPPER ZONE YET..is MUM working actively on their property lately??
POINT NUMBER 4
THIS ONE'S A NON-ISSUE...first of all I don't think it will cost a million to dewater the mine..and if it did, raising money is not difficult at this point..word is out...GREAT POTENTIAL ON 2 AND WE WILL HAVE A MINE IN PRODUCTION SOON... AND OUR STOCK PRICE IS 30 CENTS?????
SURE, MUM may do well also, but their price right now is high for where they're at in my opinion...
AS I MENTIONNED, THE REDSTONE..WELL..JUST THAT ONE MAKES THIS STOCK A BARGAIN...A GREAT ENTRY LEVEL... if you've read the history on this one you know there's a proven ore body there..with the potential to add quite a bit to the reserve....that mine was said to be feasible to open with only resources proven to date when nickel was $4.50.. hheelllooo.
The road is there...won't take much over all to get this into production...and we have a highly respected experienced mining contractor with one of the owners being a board member...there's a lot of work for mining contractors right now..you can be sure he did his homework before coming on board with LBE
THANKS FOR THE BEST WISHES and no I don't think it's clear why you aren't one of the shareholders...I do believe we're in a better position now than we were when you were a shareholder last year...There's still time