I have also attended all of the Edmonton meetings and Gary provided everyone with an opportunity to have their questions answered. And as always he did his utmost to provide complete and accurate answers.

Beer I believe most of the LBE investors have a pretty good handle on why the share price is where it is as do you, unlike the uniformed lady investor with her silly questions, (although there really are no silly questions as hopefully she was enlightened a little having asked them).

I'm sure you are aware of the following

1. LME policy change
2. Falling US Dollar
3. US Mortgage Crisis
4. Delays Permitting McWatters
5. Tax Loss Selling
6. Further McWatters delay due to Winter Weather
7. Further McWatters delay due unexpected Water
8. Rising fuel costs
9. Bejing Olympics (temporary decreased demand)
10. US Financial Crisis

The only factors for which Gary can be given some responsibility were the delays at McWatters and Gary did a very good job of defusing any aggressive questioning by answering the questions satisfactorily before they were asked.

A few things that have not been recapped but I found interesting, and to the best of my recollection I’ll try to share as I was without pen and paper. Anyone who took notes please correct or expand.

Gary accepted full responsibility for not using some hedging strategy and stated that he will in the future. In the past he knowingly took the risk and obviously lost.

Gary indicated that he figured the Hart deposit would be three times the current size once fully defined.

Of all the projects the Groves project was the one that he was most excited about.

The VTEM that was flown last year was screwed up and would have to be re-done; I had thought that it had identified several prospective targets.

LBE models all of the deposits around the area using the published drilling results, and that GCR’s deposit does not extend on to LBE property.

Gary’s exact words were that analysts were forecasting Ni prices in the teens next year.

The mill has enough redundancy that we should never be fully out of commission, while this is kind of obvious, it was just nice to hear.

3 ball mills, 2 filter presses, 24 floatation cells and easily fixed thickener tank.

Everything else has been accurately conveyed to the forum.

I’m not surprised that there was a jump in sp today as Gary imparted a good deal of confidence and when the possible take over bid concern was being discussed he indicated that he wouldn’t even consider anything less that $3-4 and that he was eventually expecting the sp to be significantly higher. Just to be clear he said $3-4, but the way he said it was like he had no desire or intention of allowing a take over.

He was extremely confident that debt financing would be repaid by October next year. And yes he said that he would be looking for an additional small debt financing in addition to selling the Redstone shaft assets which he felt were easily liquidated and for more than was paid for them. No intention of another PP, but he made no promises that there wouldn't be one.

And yes ex you were right I was wrong, I didn’t anticipate the further delays.

Personally I believe LBE is a very good bargain and I wish I had the cash to increase my already significant position. Timing is everything and we missed our primary window for liftoff, but I believe another window (not likely as ideal as the one just missed) is on the horizon as long as we can hold on.

And I believe Gary when he says that we can hold on.