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

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

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Message: Re: Corporate Update
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If I had to make a prediction of how this company is to be saved, IMO it would have to involve someone who is not aware of its history. Too many promises were made then broken to draw any debt holders back to the poker table for more. Since no one has seen any Dec 31 financials, I would be surprised if someone would cut a deal, site unscene. You would think that an up todate list of all debtors would be required including ex-employees and any government agencies. In todays market I would doubt all the assets would retrieve $.10 on the dollar. To take on the added risk of the nickel markets even getting to a resonible level ($8/lb.) Then spend maybe another $20,000,000+ more to refurbish the mill, complete McWaters, then start construction on Hart. That's a lot of risk to tie up millions and millions of dollars for. Should anything be done it definetly should exclude all current shareholders. It would have to be a fresh start with a brand new business plan to operate at a much, much lower operating cost per pound than it was before. I would add that Redstone and the mill should be dropped and that McWaters and Hart to be developed only and its ore processed elsewhere. Maybe even get rid of the potential cobalt properties down south. This company needs to be consolidated to a managible level and cut out any grandoise plans of expansion. Baby steps are required until things can start adding to the bottom line. Just an opinion that is prone to debate. If that or something like it were to happen, I would consider buying into the new Liberty. Name might have to change too.

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