Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: My Simple Take

My Simple Take

posted on Apr 03, 2008 06:32AM

The greatest risk is for a jr to become a new producer. Lbe has advanced their project to just about McWatters going into preproduction. The Feasibility Study is the first time the market has seen a report showing the numbers behind McWatters production. Most of the numbers really are not new. The economics are really quite good.

Now, I am going to name drop - Geovic, Baja, Acadian, Aurcana, Starcore, Great Panther Resources - it takes them all time to get started. Even Capstone. Liberty is just another mine. When you start talking financing - people do not like it - but it is a reality. Our management is working hard to get things done. Our miners are working hard to move our project forward. If you have the chance look at the level 2 and you find there is a demand but the buyers are forcing the sellers to come down to their price.

Liberty is a good mine. The Shaw Dome has the resource. We have had great exploration results. We need the money and I am confident we will get it. First year production figures are rarely profit making. This is a good investment but in a years time we will feel much better. When the financing comes in we will feel more confident. When McWatters goes into Preproduction we will feel better. Its hard now but it is worth being patient. Also heck, why the heck would so many people spend so much time bashing us on SH?

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