"RULE NUMBER SIX: IF THIS IS A REAL DEAL, THEN YOU ARE LIKELY TO BE THE LAST PERSON TO BE NOTIFIED OR WILL BE DRIVEN OUT AT THE LOWER PRICES”

Like Jesse Livermore wrote, "If there's some easy money lying around, no one is going to force it into your pocket”, The same concept can be more clearly understood by watching the tape. When a market manipulator wants you into his stock, you will hear LOUD noises of stock promotion and hype. If you are "in the loop,"; you will be bombarded from many directions. Similarly, if he wants you out of the stock, then there will be orchestrated rumors being circulated, rapid-fired at you again from many directions. Just as good news may come to you in waves, so will bad news. You will see evidence of a VERY sharp drop in the share price with HUGE volume. That is you and your buddies running for the exits. If the deal is really for real, the market manipulator wants to get ALL OF YOUR SHARES or as many as he can... and at the lowest price he can. Whereas before, he wanted you IN his market, so he could dump his shares to you at a higher price, NOW when he sees that this deal IS for real, he wants to pay as little as possible for those same shares... YOUR shares which he wants to you part with, as quickly as possible. The market manipulator will shake you out by DRIVING the price as low as he can. Just as in the accumulation”; stage, he wants to keep everything as quiet as possible so he can snap up as many of the shares for himself, he will NOW turn down, or even turn off, the volume so he can repeat the accumulation phase. In the mining business, there seems to always be another "area play" around the corner. Just as Voisey's Bay drifted into oblivion, during the fourth quarter of 1995 and early into 1996, the same Voisey Bay “wannabees"; began striking deals in Indonesia. Some even used new corporate entities. Same crooks, different shingles. The accumulation phase was TOP SECRET. The noise level was deadingly silent. As soon as the insiders accumulated all their shares, they let YOU in on the secret.

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I still believe in Lbe. Fears of the economy I think are influencing our perspective. The price of Ni is causing real concerns. This is the hardest time to still believe in it.

McWatters sill is advancing well - 7m per day. Shortly the Redstone development team will start working at McWatters to develop the site. The work continues. Our press release on Fri was good news. The Ni43-101 for Hart enables us to now has a recognized $ value that can be attached to the property. Sothman and Groves the company is quite pleased with. The bigger picture is getting filled. We never expected our SP to go this low. At these prices it is a phenomenal deal but we as shareholders have to step outside our comfort zone and say that this is a good company. Hang in there guys.