Re: Northern Miner

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

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

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Buxom1

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Re: Northern Miner

in response to

Northern Miner

1bigwilly

posted on Aug 21, 2008 02:02AM

1bigwilly,

Great posting - thanks for taking the time out to post the information!

Based on Kitco's spot nickel price I just looked at where nickel is roughly $9.12/lb the 45, 970,000 lbs contained nickel + 8,570,000 inferred lbs contained nickel (prob more as it is open at depth) = 54,540,000 lbs contained nickel x 9.12/lb =

$497,404,800.00 (just from Hart)

And LBE is trading at roughly .36/share - what am I missing? I know a good/great buying opportunity :)