I think FNX is a good model to follow and I think that is where LBE is headed.

I would be more interested in seeing 2nd quarter financials as maybe the 1st quarter might not be as strong as even 4th quarter 2007. By May, we should see Pre-production which will be good for 2nd quarter financials. We should see a 43-101 for 1 or more properties.

Right now I don't think the market really believes the story of LBE ( which is undertandable considering the economic environment we are in ) and wants more proof. They'll get it and by that time, we won't be at $1.16, hopefully in the $2s maybe $3s...then full production and great earnings. That's when we can see FNX pricing.

Just my opinion.