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

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

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Message: We can succeed and we are not alone

We're at the mercy of nickel prices now, and they are really looking ready to dip below $9/lb. Pig iron production is still happening and it appears their costs are down to the $7-$8 range, stainless steel demand aren't returning to its former levels and there is lots of cheaper nickel supply coming online. If nickel does indeed sustain a drop below $9, we're barely going to be cash flow positive even at full production. Despite all of the accomplishments that Liberty has done over the past couple of years, in the end they are powerless to affect the things that will make or break them. At a certain point, be it $7 or $8 nickel, it'll prove more economical to shut down operations and wait it out (if our cash reserves can handle it, that is). Guess we'll wait and see.

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