This is not an easy economic climate to be in. Ni has certainly taken a hit. This has made it extremely difficult for Lbe since we were depending on receiving a higher Ni rate. A while back we worked out $9 Ni and showed that we could still be economically viable at that rate. The delays have hurt us. Why would our President buy shares just last week if he still did not think we could make a go of it? Why would we get two new members of our board joining us if they did not see a future in us? Why would Bill Bertrand buy shares just recently?

These people are fighting for this company - just as we are in our own way. We have not seen our board members selling their shares.

As of the 24th June

Dr Gary Nash - 1,587,000 common shares held

Donald Schurman - Chairman - 824,500 shares held

Gerry Feldman - Director - 190,800 shares held

Gil Bertrand - Director -156,708 shares held.

These guys have been feeling the pain in the SP just as much as us.