Unfortunately, we know what our SP has been doing. Ironically we look at everything and say what gives? Is there anything wrong with this company?
The answer simply put is nothing is wrong with Liberty. Part of the answer is we look at a decreasing value of Ni and wonder where the bottom is. I think pretty soon we will see the bottom.
Nickel77 posted the article about laterite Ni and the fact that very soon it will not be economical to produce that type of Nickel. At these prices many companies are barely breaking even.
Going to our 1st quarter statement our assets are sitting about $1.22 per share in terms of balance sheet current assets. Since that time McWatters is now has a stated Ni43-101 resource which increases our assets. Hart's Ni43-101 's resource is being delivered very shortly. Drilling at Hart is to the 700 meter level now and we should soon see results from that. Hart right now has a mineable resource good for 5-6 years.
Our ramp is now at 40 vertical meters and we have 25 meters to go.
Workers at our mill are busy getting our 3rd circuit going.
We just have to hold in there.