Well said Blue, you can lump yourself in with him as well for valued contributors imho. There are times when you truly have to look at things rationally and for what they are. Not many can do that and we all have our days. As you said, even fewer can talk about it here without taking a beating.

I was going over the original news that explained the 15 million $USD from last year with JJ

Interesting to see the details now as it may simply be the way things go should the mine/s start up again soon. The tough thing, as we all know, was how debt laden and cash strapped the company became by yr. end. Then lump in the crappy nickel prices and the perfect storm had arrived. Man how things can change.

http://www.marketwire.com/press-rele...

May 08, 2008 13:31 ET

EDMONTON, ALBERTA--(Marketwire - May 8, 2008) - Liberty Mines Inc. ("Liberty or the Corporation") (TSX:LBE) is pleased to announce that it has arranged a US$15,000,000 credit facility with Jilin Jien Nickel Industry Company Ltd. ("JJNICL") of China. The funds, which are prepayments for concentrate produced from the Redstone nickel concentrator, will be advanced in tranches. Each tranche will bear interest at 9.71% on the outstanding balance and is repayable within one year of the date of funding with concentrate shipped to JJNICL; similar to Liberty's previous arrangement with JJNICL in 2006. No securities of any kind are to be issued by Liberty in connection with the credit facility.

Liberty has committed to ship 20 tonnes of concentrate per day under a revised off-take agreement commencing with pre-production at the McWatters nickel mine and ending on November 23, 2010. The balance of the concentrate from the Redstone mill will continue to be shipped to Xstrata Nickel in Sudbury under the existing off-take agreement as outlined in the press release of November 14, 2007.

"We are pleased to be provided with this non-dilutive credit facility from JJNICL." said Gary Nash, Liberty's President and CEO.

This credit facility completes the total financing announced on April 29, 2008. This part of the financing will be used to fund mining property acquisitions and associated exploration, continued development to bring the McWatters Mine into pre-production, and for general working capital. As most of the surface infrastructure at the McWatters Mine will be used for the Hart nickel mine currently in the permitting stage, the corresponding costs will be proportioned between the projects.

About Liberty Mines Inc.

Liberty Mines Inc. is a producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada.