Re: A Year Ago
in response to
by
posted on
May 20, 2009 01:20PM
Producing Mines and "state-of-the-art" Mill
My take on things is that given that the last 10 lbe google updates I have received 8 have been in Chinese which indicates to me that jjnicl is going to promote lbe and thus the shareprice will increase.
Let's say the shareprice increases to let's say $1.00/share it means that jjnicl's $30 million dollar investments is now worth 10 times as much or $300 million dollars which also means that they can get 10 times the amount of ore.
So there might be a possibility that they may take lbe private but perhaps it might be more beneficial for jjnicl to focus on increasing the sharerprice.
Happy Trails,
-B1-