Tantallon,

I think you will find on this board opinions of others are accepted without cries of bashing and questionable motives. However, your comments are still open to question.Your opinion the effect of the 43-101 numbers has on LBE’s finances can be noted and evaluated by all. However I question your credentials when it comes to questioning the ability of SRK Consulting to calculate a 43-101 valuation. Personally, unless I was an expert in the field, I would not pretend to be capable of correcting the calculation in a 43-101, whether it was done by SRK or by Micon the “world leader in their field”. As you must consider yourself an expert in this field, I assume that you will expect Micon to use a 10, 12 or 15% discount in their ISM report. Or would it be more because ISM is years away from production? Will be interesting to see Micon’s opinion on discount rates, when their 43-101 is available. I also would like your opinion on the quality of the company that ISM lent $6 million dollars to for 6.25% interest. I don’t want to bring ISM issues onto the LBE forum, but I think that the comparison might put SRK’s discount rate in perspective.

Looking forward to your opinion.

Best

Nickel