Re: Hi
in response to
by
posted on
Nov 06, 2008 08:30AM
Producing Mines and "state-of-the-art" Mill
Sarlock is our financial Guru
http://agoracom.com/ir/LibertyMines/...
The thing is Gramps - our price reflects the risk. I think there is a good chance of things working out. It is going to take time before we see the details. Buy before the details are announced and when it comes through you have a good chance of making money. We are about 3 mths away from full production of the high grade ore. That is at level 3 in the mine. The price of Ni currently is not good right now but you already know that. So currently the McWatters Feasibility Report is being reworked to reflect a lower Ni price. None of the drilling details will be changed. The resource will not change. ROE is now more in our favour since before it was priced at par.
Money required - I suspect $8-10 million. (I have heard $6 million but Dr Gary Nash is the best person to talk to) His name and number are at the bottom of each press release.